4//SEC Filing
Gil Benavides Jesus Salvador 4
Accession 0000899243-21-001018
CIK 0001320854other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 9:01 PM ET
Size
9.8 KB
Accession
0000899243-21-001018
Insider Transaction Report
Form 4
Gil Benavides Jesus Salvador
Director
Transactions
- Award
Employee Stock Option
2021-01-05+300,000→ 300,000 totalExercise: $2.38Exp: 2031-01-05→ Common stock (300,000 underlying)
Holdings
- 11,730
Common Stock
- 640,603(indirect: See footnote)
Common Stock
- 316,013(indirect: See footnote)
Common Stock
Footnotes (5)
- [F1]Represents 640,603 shares owned by Fabricaciones y Servicios de Mexico, S.A. de C.V., a corporation in which Jesus Salvador Gil Benavides owns 33% of the equity interests, and therefore is deemed to have voting and dispositive power over 33% of the shares held by such entity. Fabricaciones y Servicios de Mexico, S.A. de C.V., which is owned by Jesus Salvador Gil Benavides, Alejandro Gil and Salvador Gil, owns a total of 1,941,221 shares of common stock of the Company.
- [F2]Represents 316,013 shares owned by Agben de Mexico, S.A. de C.V., a corporation in which Jesus Salavdor Gil Benavides owns 99% of the equity interests, and therefore is deemed to have voting and dispositive power over the securities held by such entity.
- [F3]Exempt issuance of cash-settled stock options under Rule 16 b-3 pursuant to the Issuer's 2018 Long Term Incentive Plan. Each cash-settled stock optiion represents the right to receive a distribution in cash equal to the difference between the exercise price and the fair market value of a share of the Issuer's common stock on the date of exercise.
- [F4]34% of the shares subject to each cash-settled stock option will vest on the later of (i) the first anniversary of the Grant Date or (ii) the date that the thirty-day trailing average of the fair market value of a share of the Company's common stock is 133.3% or more of the exercise price per share; an additional 33% of the shares subject to each cash-settled stock option will vest on the later of (i) the second anniversary of the Grant Date or (ii) the date that the thirty-day trailing average of the fair market value of a share of the Company's common stock is 133.3% or more of the exercise price per share; and the final 33% of the shares subject to each cash-settled stock option will vest on the later of (i) the third anniversary of the Grant Date or (ii) the date that the thirty-day trailing average of the fair market value of a share of the Company's common stock is 133.3% or more of the exercise price per share.
- [F5]The cash-settled stock options were granted pursuant to the Issuer's 2018 Long Term Incentive Plan and no consideration was paid by the recipient for the cash-settled stock options.
Documents
Issuer
FreightCar America, Inc.
CIK 0001320854
Entity typeother
Related Parties
1- filerCIK 0001828994
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 9:01 PM ET
- Size
- 9.8 KB