ITT Corp 4
4 · ITT Corp · Filed Mar 8, 2016
Insider Transaction Report
Form 4
ITT CorpITT
Yeargin Neil W
SVP & Pres., Interconnect Sol.
Transactions
- Award
Common Stock
2016-03-05+10,329→ 46,469 total - Tax Payment
Common Stock
2016-03-08$37.21/sh−7,535$280,377→ 38,934 total
Footnotes (2)
- [F1]Acquired upon the settlement of performance units granted on March 5, 2013 under the ITT Corporation 2011 Omnibus Incentive Plan as a result of the satisfaction of the performance criteria underlying the award.
- [F2]Reflects the withholding of (i) 3,507 shares of common stock to pay the tax liability incident to the settlement of performance units on March 5, 2016, as described in footnote (1) above, (ii) 3,012 shares of common stock to pay the tax liability incident to the vesting on March 5, 2016 of restricted stock units granted under the ITT Corporation 2011 Omnibus Incentive Plan on March 5, 2013 pursuant to his employment agreement and (iii) 1,016 shares of common stock to pay the tax liability incident to the vesting on March 5, 2016 of restricted stock units granted under the ITT Corporation Omnibus Incentive Plan on March 5, 2013 as an annual grant. The number of shares withheld was determined on March 8, 2016 based on the average of the high/low price of the Issuer's common stock on March 7, 2016.