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4//SEC Filing

Martin Douglas L 4

Accession 0000908834-17-000285

CIK 0001487730other
View on SEC.govCompany Profile

Filed

Dec 19, 7:00 PM ET

Accepted

Dec 20, 4:20 PM ET

Size

31.2 KB

Accession

0000908834-17-000285

Insider Transaction Report

Form 4
Period: 2017-12-01
Spectrum Brands Holdings, Inc.SPB
Martin Douglas L
Executive VP and CFO
Transactions
  • Exercise/Conversion

    Common Stock

    2017-12-01+10,313→ 45,110 total
  • Tax Payment

    Common Stock

    2017-12-01$114.21/sh−5,116$584,298→ 39,994 total
  • Exercise/Conversion

    Common Stock

    2017-12-01+7,662→ 47,656 total
  • Tax Payment

    Common Stock

    2017-12-01$114.21/sh−3,801$434,112→ 43,855 total
  • Exercise/Conversion

    Common Stock

    2017-12-01+3,244→ 47,099 total
  • Award

    Performance Rights

    2017-12-01+9,315→ 9,315 total
    → Common Stock (9,315 underlying)
  • Exercise/Conversion

    Common Stock

    2017-12-01+4,636→ 50,125 total
  • Tax Payment

    Common Stock

    2017-12-08$114.47/sh−1,343$153,733→ 49,189 total
  • Exercise/Conversion

    Performance Rights

    2017-12-01−10,906→ 0 total
    → Common Stock (10,906 underlying)
  • Tax Payment

    Common Stock

    2017-12-01$114.21/sh−1,610$183,878→ 45,489 total
  • Tax Payment

    Common Stock

    2017-12-01$114.21/sh−2,300$262,683→ 47,825 total
  • Award

    Common Stock

    2017-12-08+2,707→ 50,532 total
  • Exercise/Conversion

    Performance Rights

    2017-12-01−10,313→ 0 total
    → Common Stock (10,313 underlying)
  • Exercise/Conversion

    Performance Rights

    2017-12-01−4,636→ 4,679 total
    → Common Stock (4,636 underlying)
Footnotes (12)
  • [F1]The remaining 50% of the performance rights granted on February 2, 2015 under the Spectrum Brands Holdings, Inc. S2B Plan vested on December 1, 2017, and such performance rights representing the S2B Service Award portion of Mr. Martin's S2B Award, settled for 10,313 shares of the Issuer's common stock.
  • [F10]The shares represent the cash value of the Management Incentive Award under the Issuer's 2017 Management Incentive Plan.
  • [F11]These shares of the Issuer's common stock were surrendered to satisfy Mr. Martin's tax withholding requirements resulting from the vesting of his Management Incentive Award.
  • [F12]Each performance right represents a contingent right to receive one share of the Issuer's common stock.
  • [F2]Represents shares of the Issuer's common stock withheld to satisfy Mr. Martin's tax withholding obligation upon the vesting and settling of performance rights of the S2B Service Award portion of Mr. Martin's S2B Award.
  • [F3]The remaining 50% of the performance rights granted on December 15, 2015 under the Spectrum Brands Holdings, Inc. 2016 Equity Incentive Plan (the "2016 EIP Award") vested on December 1, 2017, and such performance rights representing the 2016 EIP Service Award portion of Mr. Martin's 2016 EIP Award, settled for 7,662 shares of the Issuer's common stock.
  • [F4]Represents shares of the Issuer's common stock withheld to satisfy Mr. Martin's tax withholding obligation upon the vesting and settling of performance rights of the 2016 EIP Service Award portion of Mr. Martin's 2016 EIP Award.
  • [F5]On December 1, 2017, Mr. Martin also received, 3,244 additional shares, representing the 2016 EIP Additional Award portion of Mr. Martin's 2016 EIP Award, based on the Issuer exceeding by a certain percentage the 2016 adjusted EBITDA and 2016 consolidated free cash flow targets for the fiscal year ended September 30, 2016. The 2016 EIP Additional Award vested on December 1, 2017 since Mr. Martin remained employed by the Issuer as of such date and the Issuer's 2017 adjusted EBITDA and consolidated free cash flow results were equal to or greater than the comparable results for 2016.
  • [F6]Represents shares of the Issuer's common stock withheld to satisfy Mr. Martin's tax withholding obligation upon the vesting and settling of performance rights of the 2016 EIP Additional Award portion of Mr. Martin's 2016 EIP Award.
  • [F7]Performance rights granted on December 15, 2016 under the Spectrum Brands Holdings, Inc. 2017 Equity Incentive Plan (the "2017 EIP Award") were earned as of December 1, 2017, and 50% of such performance rights, representing the 2017 EIP Performance Award portion of Mr. Martin's 2017 EIP Award, settled for 4,636 shares of the Issuer's common stock. In addition, 4,636 shares, representing the 2017 EIP Service Award portion of Mr. Martin's 2017 EIP Award, will vest on December 1, 2018 if Mr. Martin remains employed by the Issuer on such first anniversary.
  • [F8]Mr. Martin also shall be eligible to receive up to 43 additional shares, representing the 2017 EIP Additional Award portion of Mr. Martin's 2017 EIP Award, based on the Issuer exceeding 2017 consolidated free cash flow targets for the fiscal year ended September 30, 2018. The 2017 EIP Additional Award will vest on December 1, 2018 if Mr. Martin remains employed by the Issuer as of such date and will be payable if the Issuer's consolidated free cash flow results are equal to or greater than the comparable results for 2017.
  • [F9]Represents shares of the Issuer's common stock withheld to satisfy Mr. Martin's tax withholding obligation upon the vesting and settling of performance rights of the 2017 EIP Performance Award portion of Mr. Martin's 2017 EIP Award.

Documents

1 file

Issuer

Spectrum Brands Holdings, Inc.

CIK 0001487730

→
Entity typeother

Related Parties

1
  • filerCIK 0001557493

Filing Metadata

Form type
4
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 4:20 PM ET
Size
31.2 KB
View on SEC.gov