4//SEC Filing
LIFE TIME FITNESS, INC. 4
Accession 0001209191-14-015455
CIK 0001076195operating
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 7:40 PM ET
Size
9.2 KB
Accession
0001209191-14-015455
Insider Transaction Report
Form 4
KOZIKOWSKI TAMARA A
EVP-Real Estate & Development
Transactions
- Award
Common Stock
2014-02-26+18,000→ 59,135 total - Disposition to Issuer
Common Stock
2014-02-28−120→ 63,015 total - Award
Common Stock
2014-02-26+4,000→ 63,135 total
Footnotes (3)
- [F1]Grant of restricted stock that will vest in 25% increments on each of 3/1/15, 3/1/16, 3/1/17 and 3/1/18, provided that the number of shares vesting on each regular vesting date will be reduced pursuant to a sliding scale in the event that the Company does not achieve the Company's budgeted diluted earnings per share ("EPS") for fiscal 2014, and provided further that all shares will be forfeited if the Company does not have positive net income for 2014. If the EPS hurdle is not achieved, 2% of the restricted shares shall be forfeited for every 1% by which the Company's actual EPS for 2014 is less than budgeted EPS for 2014, but once actual EPS drops to 10% less than budgeted EPS, then 4% of the restricted shares shall be forfeited for every additional 1% actual EPS is less than budgeted EPS; however, in no event will the number of forfeited shares exceed 50% of the original number of restricted shares granted.
- [F2]Grant of performance-based restricted stock that will vest in 25% increments on each of 3/1/15, 3/1/16, 3/1/17 and 3/1/18 only if all of the following performance metrics are satisfied for 2014: (i) 12% total shareholder return, (ii) 10% diluted EPS growth, (iii) 10% revenue growth and (iv) 10% EBITDA growth.
- [F3]Reflects the forfeiture of 1% of restricted shares granted in February 2013 based on achievement of EPS equal to 99% of budgeted EPS for 2013.
Documents
Issuer
LIFE TIME FITNESS, INC.
CIK 0001076195
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0001076195
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 7:40 PM ET
- Size
- 9.2 KB