4//SEC Filing
Rouve Andreas 4
Accession 0000908834-17-000287
CIK 0001487730other
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 4:22 PM ET
Size
34.6 KB
Accession
0000908834-17-000287
Insider Transaction Report
Form 4
Rouve Andreas
President, International
Transactions
- Tax Payment
Common Stock
2017-12-01$114.21/sh−2,703$308,710→ 117,150 total - Tax Payment
Common Stock
2017-12-01$114.21/sh−7,601$868,110→ 124,873 total - Tax Payment
Common Stock
2017-12-01$114.21/sh−4,599$525,252→ 132,815 total - Award
Common Stock
2017-12-08+5,025→ 137,840 total - Tax Payment
Common Stock
2017-12-08$114.47/sh−2,493$285,374→ 135,347 total - Exercise/Conversion
Performance Rights
2017-12-01−16,343→ 0 total→ Common Stock (16,343 underlying) - Exercise/Conversion
Performance Rights
2017-12-01−21,812→ 0 total→ Common Stock (21,812 underlying) - Exercise/Conversion
Common Stock
2017-12-01+5,448→ 119,853 total - Exercise/Conversion
Common Stock
2017-12-01+9,272→ 137,414 total - Award
Performance Rights
2017-12-01+18,632→ 18,632 total→ Common Stock (18,632 underlying) - Exercise/Conversion
Common Stock
2017-12-01+10,895→ 119,809 total - Exercise/Conversion
Common Stock
2017-12-01+15,324→ 132,474 total - Exercise/Conversion
Common Stock
2017-12-01+6,488→ 131,361 total - Exercise/Conversion
Performance Rights
2017-12-01−9,272→ 9,360 total→ Common Stock (9,272 underlying) - Tax Payment
Common Stock
2017-12-01$114.21/sh−5,404$617,191→ 114,405 total - Tax Payment
Common Stock
2017-12-01$114.21/sh−3,219$367,642→ 128,142 total
Footnotes (13)
- [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. Rouve's S2B Award, settled for 10,895 shares of the Issuer's common stock.
- [F10]Represents shares of the Issuer's common stock withheld to satisfy Mr. Rouve's tax withholding obligation upon the vesting and settling of performance rights of the 2017 EIP Performance Award portion of Mr. Rouve's 2017 EIP Award.
- [F11]The shares represent the cash value of the Management Incentive Award under the Issuer's 2017 Management Incentive Plan.
- [F12]These shares of the Issuer's common stock were surrendered to satisfy Mr. Rouve's tax withholding requirements resulting from the vesting of his Management Incentive Award.
- [F13]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. Rouve's tax withholding obligation upon the vesting and settling of performance rights of the S2B Service Award portion of Mr. Rouve's S2B Award.
- [F3]The remaining 50% of the performance rights granted on April 1, 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. Rouve's S2B Award, settled for 5,448 shares of the Issuer's common stock.
- [F4]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. Rouve's 2016 EIP Award, settled for 15,324 shares of the Issuer's common stock.
- [F5]Represents shares of the Issuer's common stock withheld to satisfy Mr. Rouve's tax withholding obligation upon the vesting and settling of performance rights of the 2016 EIP Service Award portion of Mr. Rouve's 2016 EIP Award.
- [F6]On December 1, 2017, Mr. Rouve also received 6,488 additional shares, representing the 2016 EIP Additional Award portion of Mr. Rouve'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. Rouve 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.
- [F7]Represents shares of the Issuer's common stock withheld to satisfy Mr. Rouve's tax withholding obligation upon the vesting and settling of performance rights of the 2016 EIP Additional Award portion of Mr. Rouve's 2016 EIP Award.
- [F8]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. Rouve's 2017 EIP Award, settled for 9,272 shares of the Issuer's common stock. In addition, 9,273 shares, representing the 2017 EIP Service Award portion of Mr. Rouve's 2017 EIP Award, will vest on December 1, 2018 if Mr. Rouve remains employed by the Issuer on such first anniversary.
- [F9]Mr. Rouve also shall be eligible to receive up to 87 additional shares, representing the 2017 EIP Additional Award portion of Mr. Rouve'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. Rouve 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.
Documents
Issuer
Spectrum Brands Holdings, Inc.
CIK 0001487730
Entity typeother
Related Parties
1- filerCIK 0001588034
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 4:22 PM ET
- Size
- 34.6 KB