Malat Scott 4
4 · XPO Logistics, Inc. · Filed Feb 16, 2018
Insider Transaction Report
Form 4
Malat Scott
SR. VP, STRATEGIC PLANNING
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2018-02-15$92.00/sh−1,965$180,780→ 70,980 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2018-02-15+5,714→ 72,945 total - Exercise/Conversion
Restricted Stock Unit
2018-02-15−5,714→ 0 total→ Common Stock, par value $0.001 per share (5,714 underlying)
Footnotes (4)
- [F1]No shares were sold by the Reporting Person. 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 February 15, 2018, as originally scheduled, and there were no related discretionary transactions or open market sales.
- [F2]These securities are held jointly with the Reporting Person's spouse.
- [F3]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.
- [F4]The RSUs vest in installments of 60% on September 2, 2016, and 20% each on February 15, 2017 and February 15, 2018, subject to satisfaction of a specified performance goal, which has been certified as having been satisfied, and the Reporting Person's continued employment with the Issuer on such dates.