4//SEC Filing
LORILLARD, INC. 4
Accession 0001209191-15-016825
CIK 0001424847operating
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 5:24 PM ET
Size
8.1 KB
Accession
0001209191-15-016825
Insider Transaction Report
Form 4
Taylor David H.
DirectorExecutive VP and CFO
Transactions
- Award
Common Stock
2015-02-18+23,812→ 91,242 total - Sale
Common Stock
2015-02-20$67.75/sh−9,651$653,887→ 81,591 total
Holdings
- 49,551(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]The shares reflect the 2014 Performance Restricted Stock Units ("RSUs") granted on February 19, 2014 that were earned based on the Company's achievement of target adjusted earnings per share for 2014 and converted to 23,812 shares of restricted stock, which vest on the third anniversary of the 2014 grant date, subject to continued employment.
- [F2]The shares were sold to fund withholding taxes in connection with the February 17, 2015 vesting of restricted stock granted on February 17, 2012. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 31, 2014.
- [F3]Represents the weighted average sale price. The shares were sold at prices ranging from $67.52 to $68.00. The Reporting Person undertakes to provide upon request to the SEC staff, the issuer or security holders of the issuer information regarding the number of shares and prices at which the transaction was effected.
- [F4]Shares held in the David Howell Taylor 2011 Revocable Trust, of which the reporting person is the sole trustee and the primary beneficiary.
Documents
Issuer
LORILLARD, INC.
CIK 0001424847
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001424847
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 5:24 PM ET
- Size
- 8.1 KB