Florea Richard W 4
4 · Skyline Champion Corp · Filed Jun 7, 2018
Insider Transaction Report
Form 4
Florea Richard W
Chief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2018-06-01+42,000→ 72,000 total - Exercise/Conversion
Restricted Stock Awards
2018-06-01−42,000→ 0 total→ Common Stock (42,000 underlying)
Footnotes (2)
- [F1]Restricted stock awards convert into common stock on a one-for-one basis.
- [F2]On June 1, 2018, upon the consummation of the distribution by Skyline Champion Corporation (the "Issuer") of common stock in exchange for the contribution by Champion Enterprises Holdings, LLC ("Champion") to the Issuer of its wholly-owned subsidiaries pursuant to a Share Contribution & Exchange Agreement, dated as of January 5, 2018, by and between the Issuer and Champion (the "Exchange Agreement"), the Board of Directors of the Issuer caused the unvested portion of the reporting person's outstanding restricted stock awards to undergo accelerated vesting pursuant to Section 5.18(c)(iii) of the Exchange Agreement and pursuant to the discretion granted to the Board of Directors under Section 10 of the Issuer's 2015 Stock Incentive Plan.