4//SEC Filing
LEAR CORP 4
Accession 0001209191-07-007336
$LEACIK 0000842162operating
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 8:33 PM ET
Size
18.1 KB
Accession
0001209191-07-007336
Insider Transaction Report
Form 4
LEAR CORPLEA
PARROTT ROY E
Director
Transactions
- Disposition to Issuer
Common Stock
2007-01-31$33.83/sh−1,177.394$39,831→ 3,230 total - Exercise/Conversion
Deferred Stock Units
2007-01-31$33.83/sh+556.793$18,836→ 556.793 total→ Common Stock (556.793 underlying) - Exercise/Conversion
2005 Restricted Units
2007-01-31−556.793→ 556.793 total→ Common Stock (556.793 underlying) - Exercise/Conversion
Common Stock
2007-01-31+1,177.394→ 4,407.394 total - Exercise/Conversion
2006 Restricted Units
2007-01-31−1,177.394→ 2,354.788 total→ Common Stock (1,177.394 underlying) - Award
2007 Restricted Units
2007-01-31+2,660.361→ 2,660.361 total→ Common Stock (2,660.361 underlying)
Footnotes (8)
- [F1]The first tranche of the 2006 Restricted Units vested and settled for cash.
- [F2]Each restricted unit is equal in value to one share of Lear Corporation common stock.
- [F3]The 2007 Restricted Units were granted under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Parrott has elected to defer 100% of amounts payable upon vesting of the 2007 Restricted Units, with 100% of such amounts credited to his deferred stock unit account on each such vesting date.
- [F4]Pursuant to deferral elections, Mr. Parrott's deferred stock unit account is credited at the time of vesting of the 2005 Restricted Units. The second tranche of the 2005 Restricted Units vested on January 31, 2007 and were converted into deferred stock units at such time.
- [F5]The 2005 Restricted Units were granted on January 31, 2005 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Parrott has elected to defer 100% of amounts payable upon vesting of the second and third tranches of the 2005 Restricted Units, with 100% of such amounts credited to his deferred stock unit account.
- [F6]The 2006 Restricted Units were granted on January 31, 2006 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Parrott has elected to defer 100% of amounts payable upon vesting of the second and third tranches of the 2006 Restricted Units, with 100% of such amounts credited to his deferred stock unit account on each such vesting date.
- [F7]Each stock unit is equal in value to one share of Lear Corporation common stock
- [F8]The deferred stock units were accrued under the Lear Corporation Outside Directors Compensation Plan pursuant to a deferral election (with respect to the director's cash retainer, meeting fees and/or restricted unit grants) and are generally to be paid out in cash upon the earlier of either Mr. Parott's retirement as a director of Lear Corporation or a change in control of Lear Corporation.
Documents
Issuer
LEAR CORP
CIK 0000842162
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000842162
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 8:33 PM ET
- Size
- 18.1 KB