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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 2270 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Employee Stock Options - right to buy | $ 14.35 | Â | Â | (1) | Â | Â | 01/31/2005(3) | 06/20/2014 | Common Shares | Â | 20,000 | Â | ||
Employee Stock Options - right to buy | $ 31.11 | Â | Â | (1) | Â | Â | 01/18/2006(4) | 11/17/2015 | Common Shares | Â | 80,000 | Â | ||
Employee Stock Options - right to buy | $ 37.51 | Â | Â | (1) | Â | Â | 08/19/2009(5) | 08/18/2015 | Common Shares | Â | 35,000 | Â | ||
Employee Stock Options - right to buy | $ 31.77 | Â | Â | (1) | Â | Â | 08/26/2010(6) | 08/25/2016 | Common Shares | Â | 25,000 | Â | ||
Stock Appreciation Right | $ 32.8 (7) | Â | Â | (1) | Â | Â | 09/08/2013(8) | 09/07/2018 | Common Shares | Â | 29,700 | Â | ||
Performance Based Restricted Stock Unit | Â | Â | Â | (1) | Â | Â | Â (10) | Â (10) | Common Shares | Â | 32,400 | Â | ||
Performance Based Restricted Stock Unit | Â | Â | Â | (1) | Â | Â | Â (11) | Â (11) | Common Shares | Â | 65,000 | Â | ||
Performance Based Restricted Stock Unit | Â | Â | Â | (1) | Â | Â | Â (12) | Â (12) | Common Shares | Â | 15,000 | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
McDevitt Wendy B. 5000 SOUTH BROAD STREET PHILADELPHIA, PA 19112 |
 |  |  President, Terrain |  |
/s/ Wendy B. McDevitt | 03/15/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Report of fiscal year-end holdings only. |
(2) | This line item reports the balance of shares in the Profit Sharing Trust after covering certain administrative costs of the Trustee as of the plan statement date of January 31, 2013. |
(3) | Options vested in their entirety on January 31, 2005. |
(4) | Options vested in their entirety on January 18, 2006. |
(5) | Vesting 20% per year over a five year period beginning one year from August 19, 2008, the date of grant. |
(6) | Vesting 20% per year over a five year period beginning one year from August 26, 2009, the date of grant. |
(7) | The Stock Appreciation Right ("SAR") entitles the reporting person, upon exercise, to the number of common shares with a fair market value on the exercise date equal to: (i) the excess of the fair market value of a common share on the exercise date over the base price of $32.80, times (ii) the number of SAR shares exercised. |
(8) | The SAR vests 50% on September 8, 2013, an additional 25% on September 8, 2014 and the remaining 25% on September 8, 2015. |
(9) | Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares. |
(10) | The PSUs are eligible to vest on April 1, 2015, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's compounded annual growth rate for operating profit for the fiscal years 2012, 2013, 2014, and 2015, as well as the average closing price of the issuer's common shares during fiscal year 2015. |
(11) | The PSUs are eligible to vest on August 16, 2016, contingent on the continued employment of the reporting person through such date and the satisfaction of the requirement that the average closing price of the issuer's common shares be at least $35.00 during the six month period before the vesting date; provided, however, that the number of PSUs that vest is limited to the number of PSUs multiplied by five times the fair market value of the issuer's common shares on the grant date, divided by the fair market value of the issuer's common shares on the day before the applicable vesting date. This limitation caps the fair market value of the award at five times the fair market value of the award on the grant date. |
(12) | The PSUs are eligible to vest on April 1, 2015, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's compounded annual growth rate for operating profit for the fiscal years 2014 and 2015, as well as on the average closing price of the issuer's common shares being less than the grant date price; provided, however, that the number of PSUs that vest is limited to the number of PSUs multiplied by five times the fair market value of the issuer's common shares on the grant date, divided by the fair market value of the issuer's common shares on the day before the applicable vesting date. This limitation caps the fair market value of the award at five times the fair market value of the award on the grant date. |