4//SEC Filing
SUSQUEHANNA BANCSHARES INC 4
Accession 0001127602-15-000561
CIK 0000700863operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 3:44 PM ET
Size
22.4 KB
Accession
0001127602-15-000561
Insider Transaction Report
Form 4
REUTER WILLIAM J
DirectorChairman & CEO
Transactions
- Tax Payment
Common Stock
2014-12-31$13.43/sh−5,377$72,213→ 144,970.524 total - Award
Common Stock
2014-12-31+16,682→ 171,350.524 total - Tax Payment
Common Stock
2014-12-31$13.43/sh−1,641$22,039→ 146,889.524 total - Award
Common Stock
2014-12-31+14,430→ 161,319.524 total - Exercise/Conversion
Restricted Stock Units
2014-12-31−3,560→ 0 total→ Common Stock (3,560 underlying) - Exercise/Conversion
Common Stock
2014-12-31+11,666→ 150,347.524 total - Exercise/Conversion
Common Stock
2014-12-31+3,560→ 148,530.524 total - Tax Payment
Common Stock
2014-12-31$13.43/sh−6,651$89,323→ 154,668.524 total - Exercise/Conversion
Restricted Stock Units
2014-12-31−11,666→ 0 total→ Common Stock (11,666 underlying) - Tax Payment
Common Stock
2014-12-31$13.43/sh−7,689$103,263→ 163,661.524 total
Footnotes (11)
- [F1]On June 19, 2012, the reporting person was granted 35,000 restricted stock units as previously reported on a Form 4 filed with the Securities and Exchange Commission on June 21, 2012. On December 31, 2014, one third of these restricted stock units vested and 11,666 shares of Susquehanna Bancshares, Inc. common stock were issued to the reporting person.
- [F10]Each restricted stock unit represents a contingent right to receive one share of Susquehanna Bancshares, Inc. common stock. Grant made pursuant to the terms of the Susquehanna Bancshares, Inc. 2012 Short-Term Incentive Plan, under and in accordance with the Susquehanna Bancshares, Inc. 2013 Omnibus Equity Compensation Plan.
- [F11]On December 31, 2014 the Compensation Committee of the Board of Directors of Susquehanna Bancshares, Inc. accelerated the vesting of these restricted stock units, which became fully vested on December 31, 2014.
- [F2]Includes 1,331.8646 shares acquired since the last Form 4 filing, under the 2011 Susquehanna Bancshares, Inc. Employee Stock Purchase Plan.
- [F3]The 5,377 shares of common stock disposed of represent a portion of 11,666 restricted stock units that vested on December 31, 2014. These shares disposed of were withheld to satisfy the reporting person's tax withholding obligation incident to the vesting of these 11,666 restricted stock units.
- [F4]On March 15, 2013, the reporting person was granted 7,121 restricted stock units as previously reported on a Form 4 filed with the Securities and Exchange Commission on March 18, 2013. On December 31, 2014 the Compensation Committee of the Board of Directors of Susquehanna Bancshares, Inc. accelerated the vesting of these restricted stock units, which became fully vested on December 31, 2014, and 3,560 shares of Susquehanna Bancshares, Inc. common stock were issued to the reporting person.
- [F5]The 1,641 shares of common stock disposed of represent a portion of restricted stock units that vested on December 31, 2014. These shares disposed of were withheld to satisfy the reporting person's tax withholding obligation incident to the vesting of these 3,560 restricted stock units.
- [F6]The 6,651 shares of common stock disposed of represent a portion of the shares issued to the reporting person upon vesting of performance stock units. The shares disposed of were withheld to satisfy the reporting person's tax obligation.
- [F7]The 7,689 shares of common stock disposed of represent a portion of the shares issued to the reporting person upon vesting of performance stock units. The shares disposed of were withheld to satisfy the reporting person's tax obligation.
- [F8]Each restricted stock unit represents a contingent right to receive one share of Susquehanna Bancshares, Inc. common stock. Grant made under and subject to the terms of the Susquehanna Bancshares, Inc. 2013 Omnibus Equity Compensation Plan.
- [F9]The restricted stock units vest one third on each of December 31, 2012, December 31, 2013, and December 31, 2014 (each a "Vesting Date"); provided that (i) the executive continues to be employed by, or provide a service to, Susquehanna Bancshares, Inc. through the Vesting Date, and (ii) the Susquehanna Bancshares, Inc. Profit Trigger (as defined in the grant agreement governing the restricted stock unit grant) is achieved.
Documents
Issuer
SUSQUEHANNA BANCSHARES INC
CIK 0000700863
Entity typeoperating
IncorporatedPA
Related Parties
1- filerCIK 0000700863
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 3:44 PM ET
- Size
- 22.4 KB