1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-Qualified Stock Option
|
Â
(1)
|
02/03/2021 |
Common Stock, par value $0.01 per share
|
34,800
|
$
27.77
|
D
|
Â
|
Restricted Stock Units
|
Â
(2)
|
Â
(2)
|
Common Stock, par value $0.01 per share
|
14,100
|
$
0
(3)
|
D
|
Â
|
Restricted Stock Units
|
Â
(4)
|
Â
(4)
|
Common Stock, par value $0.01 per share
|
6,900
|
$
0
(3)
|
D
|
Â
|
Restricted Stock Units
|
Â
(5)
|
Â
(5)
|
Common Stock, par value $0.01 per share
|
6,900
|
$
0
(3)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
43.75% of the stock options underlying this grant have vested. 6.25% of the stock options underlying this grant will vest on 02/03/2016 and at the end of each subsequent three month period thereafter until these stock options have fully vested. |
(2) |
The grant consists of 14,100 restricted stock units, of which 43.75% have vested and converted to Common Stock, par value $0.01 per share. 6.25% of the restricted stock units underlying this grant will vest on 02/03/2016 and at the end of each subsequent three month period thereafter until these restricted stock units have fully vested. |
(3) |
Each restricted stock unit converts, without payment, upon vesting into one share of Common Stock, par value $0.01 per share, which will be issued to the reporting person upon vesting. |
(4) |
25% of these restricted stock units will vest on January 2, 2016. Thereafter, 6.25% of these restricted stock units will vest at the end of each subsequent three month period until these restricted stock units have fully vested. |
(5) |
The grant is subject to achievement of certain performance criteria prior to January 2, 2018 and will vest based on achievement of such criteria. The number of restricted stock units reported is the targeted amount to be achieved. Depending on the actual level of achievement, the reporting person may receive between 0% and 200% of such targeted amount. |