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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT 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 1474 (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 Following Reported Transaction(s) (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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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (2) | 11/15/2016 | A | 23,339 | (3) | (3) | Common Stock | 23,339 | $ 0 | 23,339 (7) | D | ||||
Restricted Stock Units | (2) | 11/15/2016 | M | 23,339 | (4) | (4) | Common Stock | 23,339 | $ 0 | 0 (7) | D | ||||
Restricted Stock Units | (2) | 11/15/2016 | M | 54,915 | (5) | (5) | Common Stock | 54,915 | $ 0 | 54,914 (7) | D | ||||
Restricted Stock Units | (2) | 11/15/2016 | M | 13,729 | (6) | (6) | Common Stock | 13,729 | $ 0 | 27,457 (7) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hayman Craig 140 KENDRICK STREET NEEDHAM, MA 02494 |
EVP, Group President Solutions |
/s/Catherine Gorecki by power of attorney filed 11/23/2015 | 11/17/2016 | |
**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) | Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 91,983 shares of the Reporting Person's restricted stock unit awards on November 15, 2016. |
(2) | Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock. |
(3) | Performance-based restricted stock units awarded on November 23, 2015 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2016, September 30, 2017 and September 30, 2018. The performance measure for the first period was met at 170% and 23,339 RSUs were earned. |
(4) | Performance-based restricted stock units awarded on November 23, 2015 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2016, September 30, 2017 and September 30, 2018. The performance measure for the first period was met at 170% and 23,339 RSUs vested. |
(5) | RSUs awarded on November 23, 2015 that vest in two substantially equal increments on each of November 15, 2016 and November 15, 2017. |
(6) | RSUs awarded on November 23, 2015 that vest in three substantially equal increments on each of November 15, 2016, 2017 and 2018. |
(7) | This amount represents the total number of derivative securities beneficially owned of the class shown. |