XPO Logistics, Inc. 4
4 · XPO Logistics, Inc. · Filed Sep 4, 2013
Insider Transaction Report
Form 4
Ritter Greg
Sr. VP, Brokerage Operations
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2013-09-02$22.96/sh−2,500$57,400→ 16,400 total - Sale
Common Stock, par value $0.001 per share
2013-09-04$22.85/sh−1,002$22,896→ 15,398 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2013-09-02+10,000→ 18,900 total - Exercise/Conversion
Restricted Stock Unit
2013-09-02−10,000→ 30,000 total→ Common Stock, par value $0.001 per share (10,000 underlying)
Footnotes (4)
- [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]The RSUs vest and are settled as follows: 10,000 RSUs vested and were settled on September 2, 2012, and 10,000 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.