4//SEC Filing
NN INC 4
Accession 0000899243-17-008254
$NNBRCIK 0000918541operating
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 8:30 PM ET
Size
11.2 KB
Accession
0000899243-17-008254
Insider Transaction Report
Form 4
NN INCNNBR
WIDDERS JAMES R.
General Manager
Transactions
- Tax Payment
Common Stock
2017-03-16$22.55/sh−558$12,583→ 27,993 total - Award
Common Stock
2017-03-17+3,222→ 30,533 total - Tax Payment
Common Stock
2017-03-17$24.20/sh−682$16,504→ 27,311 total - Award
Performance Rights
2017-03-17+2,824→ 2,824 total→ Common Stock (2,824 underlying)
Footnotes (4)
- [F1]Represents the amount of shares delivered to satisfy applicable tax withholding obligations in connection with the vesting of shares of restricted stock.
- [F2]Shares are restricted stock and vest in three equal annual installments beginning on March 17, 2018.
- [F3]Each performance right represents a contingent right to receive one share of common stock of NN, Inc. (the "Issuer").
- [F4]The vesting of the performance rights is based on the relative total shareholder return ("TSR") of the Issuer, as compared to the TSR of the S&P SmallCap 600 Index over the period beginning on January 1, 2017 and ending December 31, 2019. The performance rights will vest on December 31, 2019 subject to the reporting person's continuous employment through December 31, 2019 and subject to certain conditions as set forth in the Issuer's 2016 Omnibus Incentive Plan. Performance rights granted represent the right to receive the target shares, and actual performance rights earned may be between 50% and 150% of the target shares. Performance rights that do not vest on December 31, 2019 expire automatically.
Documents
Issuer
NN INC
CIK 0000918541
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000918541
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 8:30 PM ET
- Size
- 11.2 KB