EnerSys 4
4 · EnerSys · Filed May 15, 2015
Insider Transaction Report
Form 4
EnerSysENS
Zuidema Richard W
EVP Administration & Secretary
Transactions
- Award
Common Stock
2015-05-12+16,517→ 112,870.973 total - Award
Stock Options
2015-05-12+15,662→ 15,662 totalExercise: $68.40Exp: 2025-05-12→ Common Stock (15,662 underlying)
Footnotes (3)
- [F1]These shares were granted as performance market share units and vest one-hundred percent on May 12, 2018, subject to acceleration and cancellation upon the occurrence of certain events. Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on the third anniversary of the date of grant and the ratio referenced in the following sentence. The payout factor is determined by reference to a ratio of (x)(i) the 90-day average closing price on the vesting date plus an amount equal to reinvested cash dividends during the period between the date of grant and the vesting date, less (ii) the 90-day average closing price on the date of grant, divided by (y) the 90-day average closing price on the date of grant. These shares represent the market share units granted, assuming the payout factor of 100%. The maximum payout factor is 200%.
- [F2]This grant was made after markets had closed.
- [F3]The options vest in three equal annual installments beginning on May 12, 2016, subject to acceleration or forfeiture in certain specified circumstances.