4//SEC Filing
Spectrum Brands Holdings, Inc. 4
Accession 0000908834-14-000705
CIK 0001487730operating
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 6:34 PM ET
Size
14.4 KB
Accession
0000908834-14-000705
Insider Transaction Report
Form 4
Genito Anthony L
EVP, CFO & CAO
Transactions
- Sale
Common Stock
2014-12-02$91.72/sh−5,446$499,507→ 49,983 total - Award
Performance Rights
2014-12-01+21,958→ 21,958 total→ Common Stock (21,958 underlying) - Exercise/Conversion
Common Stock
2014-12-01+10,979→ 55,429 total - Exercise/Conversion
Performance Rights
2014-12-01−10,979→ 10,979 total→ Common Stock (10,979 underlying)
Holdings
- 20,653
Performance Rights
→ Common Stock (20,653 underlying)
Footnotes (5)
- [F1]Represent performance rights granted on February 4, 2013 under the Spectrum Brands Holdings, Inc. 2013 Spectrum 750 Plan. 50% of the performance rights vested on December 1, 2014 (the "SPB750 Performance Vesting Date"), and such performance rights, representing the SPB750 Performance Award portion of Mr. Genito's SPB750 Award, settled for 10,979 shares of the Issuer's common stock. An additional 10,979 shares will vest on December 1, 2015, the first anniversary of the SPB750 Performance Vesting Date (such date, the "SPB750 Service Vesting Date"), if Mr. Genito remains employed by the Issuer on such first anniversary (such amount, the "SPB750 Service Award").
- [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 10,979 shares.
- [F3]Each performance right represents a contingent right to receive one share of the Issuer's common stock.
- [F4]Represent performance rights granted on November 29, 2013 under the Spectrum Brands Holdings, Inc. 2014 Equity Incentive Plan. 50% of the performance rights 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. An additional 17,711 shares will vest on December 1, 2015, 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 2,942 additional shares (the "2014 EIP Additional Award") based on the Issuer exceeding by a certain percentage the 2014 adjusted EBITDA and consolidated cash flow targets for the 2014 EIP Performance Award for the fiscal year ended September 30, 2014. The 2014 EIP Additional Award will vest on the 2014 EIP Service Vesting Date if Mr. Genito remains employed by the Issue as of such date and if the Issuer's 2015 adjusted EBITDA and consolidated cash flow results are equal to or greater than the comparable results for 2014. The 2014 EIP Performance Award, the 2014 EIP Service Award, and the 2014 EIP Additional Award together constitute the 2014 EIP Award.
Documents
Issuer
Spectrum Brands Holdings, Inc.
CIK 0001487730
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001487730
Filing Metadata
- Form type
- 4
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 6:34 PM ET
- Size
- 14.4 KB