Neff Corp 4
4 · Neff Corp · Filed Dec 4, 2015
Insider Transaction Report
Form 4
Neff CorpNEFF
Hood Graham
DirectorChief Executive Officer
Transactions
- Award
Stock Option (right to buy)
2015-12-02+64,252→ 64,252 totalExercise: $8.03Exp: 2025-12-02→ Class A Common Stock (64,252 underlying) - Award
Restricted Stock Unit
2015-12-02+31,133→ 31,133 total→ Class A Common Stock (31,133 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock. The RSUs will cliff-vest on December 2, 2018, subject to continued employment (subject to certain acceleration triggers) and (a) in the case of 50% of the RSUs, only if the Company's return on invested capital for the three-year period from the date of grant exceeds its weighted average cost of capital for such period and (b) in the case of the other 50% of the RSUs, only if the Company's total stockholder return, as measured for such period, is equal to or greater than the median total stockholder return of companies in the Trading Companies and Distributors GICS Sub-Industry for such period.
- [F2]The option vests in four equal annual installments beginning on the first anniversary of the grant date.