Real Industry, Inc. 4
4 · Real Industry, Inc. · Filed Feb 29, 2016
Insider Transaction Report
Form 4
Ross Kyle
Executive Vice President
Transactions
- Sale
Common Stock
2016-02-25$6.46/sh−1,123$7,255→ 84,239 total - Award
Common Stock
2016-02-25+20,401→ 104,640 total - Sale
Common Stock
2016-02-29$6.77/sh−2,379$16,106→ 102,261 total - Award
Restricted Stock Unit
2016-02-25+19,089→ 19,089 total→ Common Stock (19,089 underlying)
Footnotes (5)
- [F1]Sold pursuant to a 10b5-1 Plan adopted by the Reporting Person. The shares were sold to satisfy the Reporting Person's tax withholding obligation on 2,500 shares of restricted stock that vested on February 24, 2016.
- [F2]Shares of restricted common stock were issued under the Real Industry, Inc. Amended and Restated 2015 Equity Award Plan. Such shares will vest in three equal installments on each of March 17, 2017, March 16, 2018 and March 15, 2019.
- [F3]Sold pursuant to a 10b5-1 Plan adopted by the Reporting Person. The shares were sold to satisfy the Reporting Person's tax withholding obligation on 6,242 shares of restricted stock that vested on February 27, 2016.
- [F4]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F5]Issuance of shares subject to the restricted stock units is based on the Company's annualized total stockholder return ("TSR") relative to the TSR of the Russell 2000 Index of companies for the three-year performance period commencing on February 25, 2016 and ending February 24, 2019. The "target" number of shares to be issued pursuant to the restricted stock units is reported. Between 0% and 150% of the target number of shares may be issued, with the actual percentage determined based on actual performance. The restricted stock units were issued under the Real Industry, Inc. Amended and Restated 2015 Equity Award Plan.