4//SEC Filing
XPO Logistics, Inc. 4
Accession 0001182489-13-000790
$XPOCIK 0001166003operating
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 5:33 PM ET
Size
13.9 KB
Accession
0001182489-13-000790
Insider Transaction Report
Form 4
Hardig John
Chief Financial Officer
Transactions
- Sale
Common Stock, par value $0.001 per share
2013-09-04$22.85/sh−3,056$69,830→ 34,285 total - Tax Payment
Common Stock, par value $0.001 per share
2013-09-02$22.96/sh−8,559$196,515→ 37,341 total - Exercise/Conversion
Restricted Stock Unit
2013-09-02−27,000→ 81,000 total→ Common Stock, par value $0.001 per share (27,000 underlying) - Exercise/Conversion
Common Stock, par value $0.001 per share
2013-09-02+27,000→ 45,900 total - Award
Restricted Stock Unit
2012-08-20+85,000→ 135,000 total→ Common Stock, par value $0.001 per share (85,000 underlying)
Footnotes (6)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
- [F2]These shares of Common Stock were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
- [F3]These shares were sold to fund tax liability attributable to the related vesting and settlement of RSUs.
- [F4]On February 13, 2012, the Reporting Person was granted 85,000 unvested RSUs, subject to the Company's satisfaction of certain predetermined performance criteria and the Reporting Person's continued employment with the Issuer. On August 20, 2012, the Compensation Committee of the Board of Directors of the Issuer certified that the performance criteria applicable to such RSUs had been satisfied; such RSUs thereafter vested as follows: the first installment of 17,000 of such RSUs vested and was settled on September 2, 2012 (which transaction was previously reported as an acquisition of Common Stock on a Form 4 filed September 5, 2012); the second installment of 17,000 vested and was settled on September 2, 2013 and is reported herein, and 17,000 of such RSUs shall vest and be settled on each of September 2, 2014, 2015 and 2016, subject to the Reporting Person's continued employment with the Issuer.
- [F5]The RSUs vest and are settled as follows: 27,000 RSUs vested and were settled on September 2, 2012, and 27,000 RSUs vest and shall be settled on each of the first, second, third and fourth anniversaries thereof, subject to the Reporting Person's continued employment with the Issuer.
- [F6]For clarity, the number of RSUs reported as being owned by the Reporting Person following such August 20, 2012 acquisition includes 50,000 other RSUs that were then held by the Reporting Person, 20,000 of which have subsequently vested and been settled for shares of Common Stock, including 10,000 that vested and were settled for shares of Common Stock on September 2, 2013 as reported herein.
Documents
Issuer
XPO Logistics, Inc.
CIK 0001166003
Entity typeoperating
Related Parties
1- filerCIK 0001166003
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 5:33 PM ET
- Size
- 13.9 KB