4//SEC Filing
PARROTT ROY E 4
Accession 0001209191-09-006390
CIK 0000842162other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 7:17 PM ET
Size
26.2 KB
Accession
0001209191-09-006390
Insider Transaction Report
Form 4
LEAR CORPLEA
PARROTT ROY E
Director
Transactions
- Exercise/Conversion
Common Stock
2009-01-31+1,656.123→ 4,886.123 total - Award
2009 Restricted Units
2009-01-31+89,552.239→ 89,552.239 total→ Common Stock (89,552.239 underlying) - Exercise/Conversion
2006 Restricted Units
2009-01-31−1,177.394→ 0 total→ Common Stock (1,177.394 underlying) - Exercise/Conversion
Deferred Stock Units
2009-01-31$1.00/sh+1,475.484$1,483→ 4,096.458 total→ Common Stock (1,475.484 underlying) - Disposition to Issuer
Common Stock
2009-01-31$1.00/sh−1,656.123$1,664→ 3,230 total - Exercise/Conversion
2008 Restricted Units
2009-01-31−1,067.426→ 2,134.851 total→ Common Stock (1,067.426 underlying) - Exercise/Conversion
Deferred Stock Units
2009-01-01$1.45/sh−556.793$807→ 2,620.974 total→ Common Stock (556.793 underlying) - Exercise/Conversion
Common Stock
2009-01-01+556.793→ 3,786.793 total - Disposition to Issuer
Common Stock
2009-01-01$1.45/sh−556.793$807→ 3,230 total - Exercise/Conversion
2007 Restricted Units
2009-01-31−886.787→ 886.787 total→ Common Stock (886.787 underlying)
Footnotes (9)
- [F1]Payout of deferred stock units pursuant to deferral election.
- [F2]Pursuant to deferral elections, Mr. Parrott's deferred stock unit account is credited at the time of vesting of the 2007 Restricted Units as to all of the vested units and the 2006 Restricted Units as to one-half of the vested units and his interest account is credited with the other one-half. The second tranche of the 2007 Restricted Units and the third tranche of the 2006 Restricted Units vested on January 31, 2009 and were converted into 1,475.4839 deferred stock units, with 588.6970 units being "cashed out" and credited to the interest account. All 1,067.4257 of the 2008 Restricted Units that vested were paid in cash.
- [F3]Each restricted unit is equal in value to one share of Lear Corporation common stock.
- [F4]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.
- [F5]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.
- [F6]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. 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.
- [F7]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 third tranche of the 2006 Restricted Units with 50% of such amounts credited to his deferred stock unit account and 50% of such amounts credited to his interest bearing account.
- [F8]Each stock unit is equal in value to one share of Lear Corporation common stock
- [F9]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. Parrott's retirement as a director of Lear Corporation or a change in control of Lear Corporation. Mr. Parrott had elected to have a portion of his deferred stock units paid out to him in cash on January 1, 2009.
Documents
Issuer
LEAR CORP
CIK 0000842162
Entity typeother
Related Parties
1- filerCIK 0001173726
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 7:17 PM ET
- Size
- 26.2 KB