4//SEC Filing
Spectrum Brands Holdings, Inc. 4
Accession 0000908834-15-000052
CIK 0001487730operating
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 6:03 PM ET
Size
11.0 KB
Accession
0000908834-15-000052
Insider Transaction Report
Form 4
Lumley David R
DirectorCEO & Pres. GBPC H&G
Transactions
- Award
Performance Rights
2015-02-02+54,771→ 54,771 total→ Common Stock (54,771 underlying)
Holdings
- 45,435
Performance Rights
→ Common Stock (45,435 underlying) - 33,138
Performance Rights
→ Common Stock (33,138 underlying)
Footnotes (5)
- [F1]Each performance right represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Represent performance rights granted under the Spectrum Brands Holdings, Inc. 2015 Equity Incentive Plan ("2015 EIP Award"). The 2015 EIP Award shall only be payable if the Issuer achieves adjusted EBITDA of at least $760 million for the fiscal year ending September 30, 2015 ("2015 Adjusted EBITDA"), as determined within 74 days following the end of said fiscal year (such date, the "2015 EIP Award Date"). If the Issuer achieves 2015 Adjusted EBITDA, the 2015 EIP Award shall vest 50% each on the first and second anniversary of the 2015 EIP Award Date.
- [F3]Represent performance rights granted on February 4, 2013 under the Spectrum Brands Holdings, Inc. 2013 Spectrum 750 Plan ("SPB750 Award"). 50% vested on December 1, 2014 (such date, the "SPB750 Performance Vesting Date"), and such performance rights, representing the SPB750 Performance Award portion of Mr. Lumley's SPB750 Award, settled for 33,138 shares of the Issuer's common stock. An additional 33,138 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. Lumley remains employed by the Issuer on such first anniversary (such amount, the "SPB750 Service Award").
- [F4]Represent performance rights granted on November 29, 2013 under the Spectrum Brands Holdings, Inc. 2014 Equity Incentive Plan ("2014 EIP Award"). 50% vested on December 1, 2014 (the "2014 EIP Performance Vesting Date"), and such performance rights, representing the 2014 EIP Performance Award portion of Mr. Lumley's 2014 EIP Award, settled for 38,963 shares of the Issuer's common stock. An additional 38,963 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. Lumley remains employed by the Issuer on such first anniversary (such amount, the "2014 EIP Service Award").
- [F5]Mr. Lumley shall also be eligible to receive up to 6,472 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. Lumley 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
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 6:03 PM ET
- Size
- 11.0 KB