XPO Logistics, Inc. 4
4 · XPO Logistics, Inc. · Filed Sep 4, 2015
Insider Transaction Report
Form 4
Renner Kent R
SVP, Chief Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2015-09-02−10,000→ 10,000 total→ Common Stock, par value $0.001 per share (10,000 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2015-09-02+7,500→ 52,322 total - Tax Payment
Common Stock, par value $0.001 per share
2015-09-02$34.26/sh−5,792$198,434→ 46,530 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2015-09-02+10,000→ 44,822 total - Exercise/Conversion
Restricted Stock Unit
2015-09-02−7,500→ 7,500 total→ Common Stock, par value $0.001 per share (7,500 underlying)
Footnotes (5)
- [F1]These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled on September 2, 2015, as originally scheduled, and there were no related discretionary transactions or open market sales.
- [F2]Each RSU represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
- [F3]The RSUs vested and were settled on September 2, 2015.
- [F4]On January 5, 2012, the Reporting Person was granted 50,000 unvested RSUs. The RSUs shall thereafter vest in equal annual installments of 20% each, beginning on September 2, 2012 and continuing on the first, second, third and fourth anniversaries thereof, subject to the Reporting Person's continued employment with the Issuer.
- [F5]On January 5, 2012, the Reporting Person was granted 37,500 unvested RSUs, subject to the Issuer's satisfaction of certain predetermined performance criteria and the Reporting Person's continued employment with the Issuer. On August 20, 2012, the Compensation Committee of the Board of Directors of the Issuer certified that the performance criteria applicable to such RSUs has been satisfied, and such RSUs shall thereafter vest in equal annual installments of 20% each, beginning on September 2, 2012 and continuing on the first, second, third and fourth anniversaries thereof, subject to the Reporting Person's continued employment with the Issuer.