KLAISLE GERARD M 4
4 · SP Plus Corp · Filed Mar 1, 2018
Insider Transaction Report
Form 4
KLAISLE GERARD M
EVP, Chief H.R. Officer
Transactions
- Award
Common Stock
2018-02-26$36.00/sh+3,108$111,888→ 32,456 total - Tax Payment
Common Stock
2018-02-27$35.60/sh−1,079$38,412→ 31,377 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 April 9, 2015, and made effective as of January 1, 2015, under the SP Plus Corporation Long-Term Incentive Plan. The PSUs were earned on February 26, 2018, 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]These shares of SP Plus common stock were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 29, 2017.
- [F4]Includes 22,000 restricted stock units previously granted to the reporting person.