4//SEC Filing
ALLIANCE DATA SYSTEMS CORP 4
Accession 0001101215-17-000049
$BFHCIK 0001101215operating
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:15 PM ET
Size
14.9 KB
Accession
0001101215-17-000049
Insider Transaction Report
Form 4
Pearson Bryan A
EVP & President, LoyaltyOne
Transactions
- Award
Common Stock
2017-02-15+1,992→ 19,386 total - Award
Common Stock
2017-02-15+2,172→ 29,528 total - Tax Payment
Common Stock
2017-02-16$230.95/sh−900$207,855→ 24,564 total - Award
Common Stock
2017-02-15+3,985→ 23,371 total - Award
Common Stock
2017-02-15+3,985→ 27,356 total
Holdings
- 85,942(indirect: By 2456779 Ontario Inc.)
Common Stock
Footnotes (8)
- [F1]The new grant is for 1,992 shares of common stock represented by time-based restricted stock units. The restrictions will lapse on 657 units on each of 2/15/18 and 2/15/19 and on 678 units on 2/18/20, subject to continued employment by the Reporting Person on the vesting dates.
- [F2]The new grant is for 3,985 shares of common stock represented by performance-based restricted stock units, which may be adjusted up or down upon assessment of the EBT performance metric for 2017. Following any such adjustment, restrictions will lapse with respect to 33% of such shares on each of 2/15/18 and 2/15/19 and with respect to 34% of such shares on 2/18/20, subject to continued employment by the Reporting Person on the vesting dates.
- [F3]The new grant is for 3,985 shares of common stock represented by performance-based restricted stock units, which may be adjusted up or down upon assessment of the relative Total Shareholder Return performance metric for 2017-2018. Following any such adjustment, restrictions will lapse with respect to 100% of such shares on 2/15/19, subject to continued employment by the Reporting Person on the vesting date.
- [F4]The new grant is for 2,172 shares of common stock represented by performance-based restricted stock units, which may be adjusted up or down upon assessment of the core earnings per share performance metric for 2017. Following any such adjustment, restrictions will lapse with respect to 50% of such shares on each of 2/15/18 and 2/15/19, subject to continued employment by the Reporting Person on the vesting dates.
- [F5]Shares withheld by the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
- [F6]The total number of securities beneficially owned includes: (a) 780 unrestricted shares; (b) 519 unvested units from an award of 1,525 time-based restricted stock units granted 2/18/14; (c) 2,811 unvested units from an award of 8,267 performance-based restricted stock units granted 2/18/14; (d) 982 unvested units from an award of 1,465 time-based restricted stock units granted 2/17/15; (e) 3,929 unvested units from an award of 5,864 performance-based restricted stock units granted 2/17/15; (f) 1,226 unvested units from an award of 1,830 time-based restricted stock units granted 2/16/16; (g) 2,183 unvested units from an award of 3,259 performance-based restricted stock units granted 2/16/16; (h) the new grant for 1,992 time-based restricted stock units; (i) the new grant for 3,985 performance-based restricted stock units; (j) the new grant for 3,985 performance-based restricted stock units; and (k) the new grant for 2,172 performance-based restricted stock units.
- [F7]The compensation committee's assessment of EBT performance for 2016 resulted in 89% payout; however, the compensation committee exercised its discretion to reduce the amount earned to 44.5% of the original award of 7,323 performance-based restricted stock units granted 2/16/16, or 3,259 units. The restrictions will lapse with respect to 1,076 units on 2/16/18 and with respect to 1,107 units on 2/19/19, subject to continued employment by the Reporting Person on the remaining vesting dates.
- [F8]The shares are held by 2456779 Ontario Inc., an Ontario, Canada corporation, of which the reporting person is the sole shareholder.
Documents
Issuer
ALLIANCE DATA SYSTEMS CORP
CIK 0001101215
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001101215
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:15 PM ET
- Size
- 14.9 KB