4//SEC Filing
Real Industry, Inc. 4
Accession 0001209191-17-002348
CIK 0000038984operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 6:29 PM ET
Size
8.1 KB
Accession
0001209191-17-002348
Insider Transaction Report
Form 4
TINKLER PHILIP
Director
Transactions
- Award
Common Stock
2017-01-03+3,206→ 99,200 total - Award
Common Stock
2017-01-03+13,935→ 95,994 total
Footnotes (3)
- [F1]Annual grant of shares of restricted common stock to independent Directors issued to Mr. Tinkler under the Real Industry, Inc. Amended and Restated 2015 Equity Award Plan (the "Plan"). The number of shares represents $85,000 divided by the closing price of the Company's common stock on the day prior to issuance. Such shares will vest in full on January 3, 2018, with accelerated vesting in the event of a change in control of the Company, Mr. Tinkler's death or disability, or if Mr. Tinkler is not re-elected to the Board or is not re-nominated for election by the Company after indicating a willingness to serve.
- [F2]Common stock underlying 3,206 fully vested Restricted Stock Units ("RSUs") issued to Mr. Tinkler under the Plan in lieu of his cash Board service fees for the first quarter of 2017. Mr. Tinkler has irrevocably elected to receive 100% of his Board service fees for 2017 (including cash retainer fees for his service as a director and committee chairman and any other cash Board service fees that may be payable during 2017) in the form of RSUs pursuant to a policy where non-management Directors may elect to receive RSUs calculated at the closing stock price as of the date of grant in lieu of some or all of their cash Board service fees. Such RSUs are issued on a quarterly basis on the first business day of the quarter. The RSUs are immediately vested and have been converted to common stock on the issuance date.
- [F3]The number of shares represents $18,750 (100% of one-quarter of Mr. Tinkler's annual fees of $75,000), divided by the closing price of the Company's common stock on the scheduled date of the Board service fee payment.
Documents
Issuer
Real Industry, Inc.
CIK 0000038984
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000038984
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 6:29 PM ET
- Size
- 8.1 KB