4//SEC Filing
SPALDING DAVID P 4
Accession 0001209191-09-006224
CIK 0000842162other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:14 PM ET
Size
17.6 KB
Accession
0001209191-09-006224
Insider Transaction Report
Form 4
LEAR CORPLEA
SPALDING DAVID P
Director
Transactions
- Exercise/Conversion
2007 Restricted Units
2009-01-31−886.787→ 886.787 total→ Common Stock (886.787 underlying) - Exercise/Conversion
2006 Restricted Units
2009-01-31−1,177.394→ 0 total→ Common Stock (1,177.394 underlying) - Exercise/Conversion
2008 Restricted Units
2009-01-31−1,067.426→ 2,134.851 total→ Common Stock (1,067.426 underlying) - Award
2009 Restricted Units
2009-01-31+89,552.239→ 89,552.239 total→ Common Stock (89,552.239 underlying) - Exercise/Conversion
Deferred Stock Units
2009-01-31$1.00/sh+3,131.607$3,147→ 19,474.332 total→ Common Stock (3,131.607 underlying)
Footnotes (8)
- [F1]Each restricted unit is equal in value to one share of Lear Corporation common stock.
- [F2]The 2009 Restricted Units were granted on January 31, 2009 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. Spalding has elected to defer 100% of amounts payable upon vesting of the 2009 Restricted Units, with 100% of such amounts credited to his deferred stock unit account on each such vesting date.
- [F3]Pursuant to deferral elections, Mr. Spalding's deferred stock unit account is credited at the time of vesting of the 2006 Restricted Units, 2007 Restricted Units and 2008 Restricted Units. The third tranche of the 2006 Restricted Units, the second tranche of the 2007 Restricted Units and the first tranche of the 2008 Restricted Units vested on January 31, 2009 and were converted into deferred stock units at such time.
- [F4]The 2008 Restricted Units were granted on January 31, 2008 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. Spalding has elected to defer 100% of amounts payable upon vesting of the 2008 Restricted Units, with 100% of such amounts credited to his deferred stock unit account.
- [F5]The 2007 Restricted Units were granted on January 31, 2007 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. Spalding 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.
- [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. Spalding has elected to defer 100% of amounts payable upon vesting 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. Spalding's retirement as a director of Lear Corporation or a change in control of Lear Corporation.
Documents
Issuer
LEAR CORP
CIK 0000842162
Entity typeother
Related Parties
1- filerCIK 0001193793
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:14 PM ET
- Size
- 17.6 KB