4//SEC Filing
Spectrum Brands Holdings, Inc. 4
Accession 0000908834-14-000695
CIK 0001487730operating
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 7:15 PM ET
Size
10.4 KB
Accession
0000908834-14-000695
Insider Transaction Report
Form 4
Genito Anthony L
EVP, CFO & CAO
Transactions
- Exercise/Conversion
Common Stock
2014-12-01+17,710→ 35,665 total - Exercise/Conversion
Performance Rights
2014-12-01−17,710→ 35,421 total→ Common Stock (17,710 underlying) - Sale
Common Stock
2014-12-02$91.72/sh−8,785$805,760→ 44,450 total
Footnotes (4)
- [F1]50% of the performance rights granted on November 29, 2013 under the Spectrum Brands Holdings, Inc. 2014 Equity Incentive Plan vested on December 1, 2014 (the "2014 EIP Performance Vesting Date"), and such performance rights, representing the 2014 EIP Performance Award portion of Mr. Genito's 2014 EIP Award, settled for 17,710 shares of the Issuer's common stock. 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").
- [F2]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.
- [F3]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 17,710 shares.
- [F4]Each performance right represents a contingent right to receive one share of the Issuer's common stock.
Documents
Issuer
Spectrum Brands Holdings, Inc.
CIK 0001487730
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001487730
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 7:15 PM ET
- Size
- 10.4 KB