Finney Pelham Gray 4
4 · ADT, Inc. · Filed Jan 25, 2018
Insider Transaction Report
Form 4
ADT, Inc.ADT
Finney Pelham Gray
SVP, Chief Legal Off. & Sec.
Transactions
- Other
Common Stock
2018-01-23$14.00/sh+175,684.5$2,459,583→ 175,684.5 total - Other
Common Stock
2018-01-23$14.00/sh+153,585.5$2,150,197→ 153,585.5 total
Footnotes (2)
- [F1]On each of July 1, 2015, and August 11, 2016, the reporting person was granted Class B units in Prime Security Services TopCo Parent, L.P. (the "July 2015 Award" and the "August 2016 Award," respectively). On January 23, 2018, shares of ADT Inc. common stock were distributed to the reporting person (the "Distributed Shares") by Prime Security Services TopCo Parent, L.P. in redemption of the July 2015 Award and the August 2016 Award, respectively. The Distributed Shares reported vest in the same manner as the "service tranche" of the July 2015 Award and the August 2016 Award, respectively. (cont'd in FN 2)
- [F2](cont'd from FN 1) Forty percent of the Distributed Shares reported in Table I for the July 2015 Award are vested as of the date of the redemption and distribution, and the remainder of the Distributed Shares reported in Table I for the July 2015 Award will vest as to 20% on July 1, 2018 and the remainder on July 23, 2018, generally subject to the reporting person's continued employment through each such date. Twenty percent of the Distributed Shares reported in Table I for the August 2016 Award are vested as of the date of the redemption and distribution, and the remainder of the Distributed Shares reported in Table I will vest as to 20% on May 2, 2018 and the remainder on July 23, 2018, generally subject to the reporting person's continued employment through each such date.