MCKERNAN JOHN R JR 4
4 · Houghton Mifflin Harcourt Co · Filed Jun 4, 2018
Insider Transaction Report
Form 4
MCKERNAN JOHN R JR
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-05-31−6,883→ 0 total→ Common Stock (6,883 underlying) - Award
Restricted Stock Units
2018-05-31+12,500→ 12,500 total→ Common Stock (12,500 underlying) - Award
Phantom Stock
2018-05-31+6,883→ 6,883 total→ Common Stock (6,883 underlying)
Footnotes (3)
- [F1]Each restricted stock unit and each share of phantom stock represents a contingent right to receive one share of Houghton Mifflin Harcourt Company's (the "Company") common stock.
- [F2]Upon the vesting of the restricted stock units granted to the reporting person on May 31, 2017, the reporting person deferred the receipt of 6,883 shares of common stock and received instead 6,883 shares of phantom stock pursuant to the Company's Non-Employee Director Deferred Compensation Plan. The phantom stock becomes payable upon separation from service in accordance with the Company's Non-Employee Director Deferred Compensation Plan.
- [F3]This grant of restricted stock units will vest on May 31, 2019, subject to continued service on the Company's board of directors through such vesting date, with settlement of the restricted stock units to be deferred until separation from service as determined in accordance with the Company's Non-Employee Director Deferred Compensation Plan.