SP Plus Corp 4
4 · SP Plus Corp · Filed Mar 1, 2017
Insider Transaction Report
Form 4
Sacks Robert N
Executive VP, General Counsel
Transactions
- Award
Common Stock
2017-02-23$31.40/sh+4,843$152,070→ 64,302 total - Tax Payment
Common Stock
2017-02-27$31.33/sh−1,643$51,480→ 62,659 total
Footnotes (4)
- [F1]The acquisition of shares of SP Plus common stock represents the vesting of performance share units (PSUs) previously awarded to the reporting person on September 30, 2014, and made effective as of January 1, 2014, under the SP Plus Corporation Long-Term Incentive Plan. The PSUs were earned on February 23, 2017, and settled in shares of SP Plus common stock on a one-for-one basis. The PSUs vested solely upon achievement of pre-established performance targets for SP Plus's adjusted pre-tax free cash flow over a three-year performance period.
- [F2]Upon acquisition of the PSUs, the reporting person automatically sold, solely for purposes of satisfying the resulting tax-withholding obligations, a number of shares of SP Plus common stock sufficient to enable the reporting person to satisfy such tax-withholding obligations.
- [F3]Includes 42,000 restricted stock units previously granted to the reporting person.
- [F4]The reporting person holds the shares in a joint account with his spouse.