HEWITT JOHN T 4
4 · Liberty Tax, Inc. · Filed Oct 3, 2017
Insider Transaction Report
Form 4
HEWITT JOHN T
DirectorChief Executive Officer/Pres.10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2017-09-29+22,817→ 1,603,366 total - Exercise/Conversion
Restricted Stock Units
2017-09-29−22,817→ 0 total→ Class A Common Stock (22,817 underlying) - Tax Payment
Class A Common Stock
2017-09-29$14.55/sh−7,553$109,896→ 1,595,813 total
Holdings
- 150,852.03(indirect: Individual Retirement Account)
Class A Common Stock
Footnotes (4)
- [F1]Represents the conversion upon vesting of restricted stock units into Class A Common Stock. On December 9, 2016, the reporting person was granted 22,817 restricted stock units, of which all of the shares subject to the restricted stock units immediately vested on September 29, 2017 due to Reporting Person's severance package. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on December 13, 2016.
- [F2]Each restricted stock unit represents the right to receive, upon vesting, one share of Class A Common Stock.
- [F3]Reflects 7,553 shares withheld by Issuer at the market price of $14.55 per share to fund the payment of taxes for the conversion.
- [F4]The restricted stock unit award was granted on December 9, 2016 and vested in full on September 29, 2017 pursuant to Reporting Person's severance package.