TRIUMPH GROUP INC 4
4 · TRIUMPH GROUP INC · Filed Nov 15, 2016
Insider Transaction Report
Form 4
SILVESTRI JOSEPH
Director
Transactions
- Award
Common Stock
2016-11-10+5,035→ 133,135 total
Holdings
- 10,000(indirect: By Trust)
Common Stock
- 6,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]The reporting person received 5,035 restricted stock units, each unit representing the contingent right to receive one share of common stock. Forfeiture restrictions lapse on the restricted stock units on the first anniversary of the date of grant, unless earlier terminated as set forth in the Company's 2016 Directors' Equity Compensation Plan (the "Plan"). The award is contingent upon approval of the Plan by stockholders within the next twelve months and will be void if such approval is not obtained. The Company intends to present a proposal to approve the Plan at the 2017 Annual Meeting of Stockholders.
- [F2]Shares of common stock owned by the Silvestri 2002 Trust of which the reporting person's spouse serves as Trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
- [F3]Shares of common stock owned by the Silvestri Family Foundation of which the reporting person serves as an Officer. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.