4//SEC Filing
Spectrum Brands Holdings, Inc. 4
Accession 0000908834-14-000681
CIK 0001487730operating
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 5:19 PM ET
Size
12.2 KB
Accession
0000908834-14-000681
Insider Transaction Report
Form 4
Genito Anthony L
EVP, CFO & CAO
Transactions
- Sale
Common Stock
2014-11-25$89.75/sh−11,823$1,061,114→ 17,955 total - Exercise/Conversion
Common Stock
2014-11-25+27,778→ 29,778 total - Exercise/Conversion
Performance Rights
2014-11-25−27,778→ 0 total→ Common Stock (27,778 underlying)
Holdings
- 53,131
Performance Rights
→ Common Stock (53,131 underlying)
Footnotes (5)
- [F1]The remaining 50% of the performance rights granted on December 7, 2012 under the Spectrum Brands Holdings, Inc. 2013 Equity Incentive Plan vested on November 25, 2014, and such performance rights, representing the 2013 EIP Service Award portion of Mr. Genito's 2013 EIP Award, settled for 27,778 shares of the Issuer's common stock.
- [F2]These shares of the Issuer's common stock were sold in a private sale to satisfy Mr. Genito's tax withholding obligation upon the vesting and settling of performance rights for 27,778 shares.
- [F3]Each performance right represents a contingent right to receive one share of the Issuer's common stock.
- [F4]Under the Spectrum Brands Holdings, Inc. 2014 Equity Incentive Plan ("2014 EIP"), Mr. Genito was awarded 35,421 performance rights at 100% of performance targets. Up to 50% of such performance rights will vest within 74 days of the Issuer meeting certain adjusted EBITDA and consolidated cash flow performance targets for the fiscal year ending September 30, 2014 (the "2014 EIP Performance Vesting Date") (such amount, the "2014 EIP Performance Award"). In addition, an amount equal to the 2014 EIP Performance Award will vest on the first anniversary of the 2014 EIP Performance Vesting Date (such date, the "2014 EIP Service Vesting Date"), if Mr. Genito remains employed by the Issuer on such first anniversary (such amount, the "2014 EIP Service Award").
- [F5]Mr. Genito shall also be eligible to receive up to 17,710 additional shares (the "2014 EIP Additional Award") if the Issuer meets certain adjusted EBITDA and consolidated cash flow performance targets in excess of 100% of the targets for the 2014 EIP Performance Award, for the fiscal year ending September 30, 2014. The 2014 EIP Additional Award will vest on the 2014 EIP Service Vesting Date if Mr. Genito remains employed by the Issuer as of such date. The 2014 EIP Performance Award, the 2014 EIP Service Award and the 2014 EIP Additional Award together constitute the 2014 EIP Award. The amount reported of 53,131 represents the maximum number of performance rights that may vest if 150% of the applicable performance targets are achieved. If 100% of the applicable performance targets are achieved, then 35,421 performance rights will vest upon full vesting of the 2014 EIP Performance Award and the 2014 EIP Service Award.
Documents
Issuer
Spectrum Brands Holdings, Inc.
CIK 0001487730
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001487730
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 5:19 PM ET
- Size
- 12.2 KB