HOSPIRA INC 4

Accession 0001179110-15-012974

CIK 0001274057operating

View on SEC.gov Company Profile

Filed

Sep 2, 8:00 PM ET

Accepted

Sep 3, 11:47 AM ET

Size

30.2 KB

Accession

0001179110-15-012974

Insider Transaction Report

Form 4

Period: 2015-09-03

HOSPIRA INCHSP

Ball F Michael

DirectorChief Executive Officer

Transactions

Award
Common Stock
2015-09-03+65,227→ 426,668 total
Exercise/Conversion
Common Stock
2015-09-03$55.29/sh+152,458$8,429,403→ 627,389 total
Exercise/Conversion
Common Stock
2015-09-03$35.36/sh+140,000$4,950,400→ 998,926 total
Exercise/Conversion
Stock Options (right to buy)
2015-09-03−231,537→ 0 total
Exercise: $35.36Exp: 2019-02-28→ Common Stock (231,537 underlying)
Exercise/Conversion
Common Stock
2015-09-03$28.95/sh+235,772$6,825,599→ 1,234,698 total
Exercise/Conversion
Common Stock
2015-09-03$42.70/sh+177,778$7,591,121→ 1,412,476 total
Disposition to Issuer
Common Stock
2015-09-03$90.00/sh−1,412,476$127,122,840→ 0 total
Exercise/Conversion
Stock Options (right to buy)
2015-09-03−152,458→ 0 total
Exercise: $55.29Exp: 2018-03-30→ Common Stock (152,458 underlying)
Exercise/Conversion
Common Stock
2015-09-03$35.36/sh+231,537$8,187,148→ 858,926 total
Award
Common Stock
2015-09-03+48,263→ 474,931 total
Exercise/Conversion
Stock Options (right to buy)
2015-09-03−235,772→ 0 total
Exercise: $28.95Exp: 2020-02-26→ Common Stock (235,772 underlying)
Award
Common Stock
2015-09-03+36,691→ 361,441 total
Exercise/Conversion
Stock Options (right to buy)
2015-09-03−140,000→ 0 total
Exercise: $35.36Exp: 2017-02-28→ Common Stock (140,000 underlying)
Exercise/Conversion
Stock Options (right to buy)
2015-09-03−177,778→ 0 total
Exercise: $42.70Exp: 2021-02-25→ Common Stock (177,778 underlying)

Footnotes (8)

[F1]Vesting of performance share units for the 2014-2016 performance cycle. The award provided for vesting based on achievement of total shareholder return over a three year performance period relative to the performance of a pre-established peer group, or upon a change of control. Thus, the units vested on September 3, 2015.
[F2]Vesting of performance share units for the 2013-2015 performance cycle. The award provided for vesting based on achievement of total shareholder return over a three year performance period relative to the performance of a pre-established peer group, or upon a change of control. Thus, the units vested on September 3, 2015.
[F3]Vesting of a performance-contingent restricted stock units award granted February 27, 2013. The units were earned when Hospira's stock price appreciated 20% over the fair market value on the date of grant, and maintained that price for a 30 consecutive trading day period (based on Hospira's closing market price on those 30 consecutive days). Since the units were earned, the award provided for three-year time based cliff vesting, or a change of control. Thus, vesting of the units was accelerated upon a change of control.
[F4]Exercise of stock options granted on 3/31/2011, which vested in three equal installments on March 31, 2012, 2013 and 2014.
[F5]Exercise of 231,537 stock options granted on 3/1/2012, which vested in four equal installments on March 1, 2013, 2014, 2015, and 2016. The vesting of the last tranche of options was accelerated in connection with the change of control.
[F6]Exercise of 140,000 performance stock options granted on 3/1/2012, which had a five year term. The options vested and became exercisable when the average stock price over a thirty consecutive day period was at or above the vesting trigger price. For half of the options, the vesting trigger price was $42.26, which was based on the closing stock price on March 1, 2012 plus 19%. For the other half of the options, the vesting trigger price was $47.58, which was based on the closing stock price on March 1, 2012 plus 34%.
[F7]Exercise of stock options granted on 2/27/2013, which vest in four annual installments on February 27, 2014, 2015, 2016 and 2017. The vesting of the last two tranches of options was accelerated in connection with the change of control.
[F8]Exercise of stock options granted on 2/26/2014, which vest in four annual installments on February 26, 2015, 2016, 2017 and 2018. The vesting of the last three tranches of options was accelerated in connection with the change of control.

Documents

2 files

Issuer

HOSPIRA INC

CIK 0001274057

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001274057

Filing Metadata

Form type: 4
Filed: Sep 2, 8:00 PM ET
Accepted: Sep 3, 11:47 AM ET
Size: 30.2 KB

View on SEC.gov