4//SEC Filing
Neff Corp 4
Accession 0001104659-17-033556
CIK 0001617667operating
Filed
May 16, 8:00 PM ET
Accepted
May 17, 8:53 PM ET
Size
9.8 KB
Accession
0001104659-17-033556
Insider Transaction Report
Form 4
Neff CorpNEFF
SINGER ROBERT C
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-05-15−5,763→ 0 total→ Class A Common Stock (5,763 underlying) - Exercise/Conversion
Class A Common Stock
2017-05-15+5,763→ 22,015 total
Holdings
- 14,303
Neff Holdings LLC Unit Option (right to buy)
Exercise: $6.66Exp: 2020-11-11→ Units (14,303 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into shares of Class A common stock on a one-for-one basis.
- [F2]On December 9, 2016, the reporting person was granted 5,763 restricted stock units, vesting on the earliest of: (i) the first anniversary of the grant date, (ii) the day immediately preceding the date of the next annual meeting of the Company's stockholders following the grant date and (iii) the date of a change of control.
- [F3]The reporting person owns options for common units of Neff Holdings LLC, a holding company that is controlled by Neff Corporation. Each common unit held by or acquired by individuals upon exercise of existing options granted by Neff Holdings will be redeemable, at the election of such member, for, at Neff Corporation's option, newly-issued shares of Class A common stock on a one-for-one basis or a cash payment equal to a volume-weighted average market price of one share of Class A common stock for each common unit redeemed (subject to customary adjustments, including for stock splits, stock dividends and reclassifications) in accordance with the terms of the Neff Holdings LLC Agreement; provided that, at Neff Corporation's election, Neff Corporation may effect a direct exchange of such Class A common stock or such cash for such common units.
- [F4]The options reflect options to purchase common units of Neff Holdings held by Neff Corporation's non-employee directors pursuant to the Neff Holdings 2010 Option Plan, subject to service-based vesting restrictions, which were converted from options to purchase Class B units of Neff Holdings in connection with Neff Corporation's initial public offering. All such options have an exercise price of $6.66 per unit. The options vested in equal installments on each of the first four anniversaries of the grant date, subject to continued service as a member of the board of directors through the applicable vesting date. The options for common units are currently exercisable and will expire on November 11, 2020.
Documents
Issuer
Neff Corp
CIK 0001617667
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001617667
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 8:53 PM ET
- Size
- 9.8 KB