4//SEC Filing
Endo International plc 4
Accession 0001209191-16-102583
CIK 0001593034operating
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 8:20 PM ET
Size
17.4 KB
Accession
0001209191-16-102583
Insider Transaction Report
Form 4
Rudio Daniel
Vice President, Controller
Transactions
- Award
Stock Incentive Plan Performance Shares
2016-02-23+1,306→ 2,843 total - Tax Payment
Ordinary Shares
2016-02-24$49.85/sh−79$3,938→ 3,898 total - Award
Stock Incentive Plan Restricted Stock Units (RSU)
2016-02-23+1,306→ 4,005 total - Award
2015 Stock Incentive Plan Stock Options (NQ)
2016-02-23+4,405→ 4,405 totalExercise: $50.22Exp: 2026-02-23→ Ordinary Shares (4,405 underlying)
Footnotes (10)
- [F1]The performance shares vest upon Endo International plc achieving certain shareholder return performance metrics over a cumulative three-year period.
- [F10]These stock options are generally exercisable 25% per year on each of February 23, 2017, February 23, 2018, February 23, 2019 and February 23, 2020.
- [F2]Represents the target number of shares issuable upon Endo International plc's achievement of shareholder return performance metrics over a cumulative three-year period, as determined by Endo International plc's Board of Directors at the end of such three-year period. The ultimate number of shares issued may be between 0% and 300% of the target number of shares, depending on Endo International plc's shareholder return performance metrics results over the performance period.
- [F3]These securities were granted to Mr. Rudio in consideration of his services as Principal Accounting Officer of Endo International plc.
- [F4]Represents the cumulative target number of shares issuable with respect to all 2010 Stock Incentive Plan and 2015 Stock Incentive Plan performance shares outstanding. The cumulative total is the combination of the target payouts for the current grant and all past grants made under the 2010 Stock Incentive Plan and 2015 Stock Incentive Plan and still outstanding, which are subject to a range of payouts depending on Endo International plc's achievement of certain performance metrics as described herein for the current grants and as previously disclosed for all other performance share grants.
- [F5]Upon each vesting date, each vested restricted stock unit automatically converts into one (1) ordinary share of Endo International plc. These restricted stock units (RSUs) generally vest 25% per year on each of February 23, 2017, February 23, 2018, February 23, 2019 and February 23, 2020. Upon vesting, we consider the underlying RSUs to be expired.
- [F6]Twenty-five percent (25%) of Mr. Rudio's February 24, 2015 grant of restricted stock units (RSUs) vested on February 24, 2016.
- [F7]These shares represent stock withheld by Endo International plc to satisfy Mr. Rudio's tax withholding obligations on shares acquired upon vesting of RSUs.
- [F8]$49.85 represents the vesting price, which is the average of the high and low share price on February 24, 2016.
- [F9]Represents the right to buy ordinary shares, par value $0.0001 per share, of Endo International plc.
Issuer
Endo International plc
CIK 0001593034
Entity typeoperating
Related Parties
1- filerCIK 0001593034
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 8:20 PM ET
- Size
- 17.4 KB