Intercontinental Exchange, Inc. 4
4 · Intercontinental Exchange, Inc. · Filed Feb 22, 2017
Insider Transaction Report
Form 4
Farley Thomas W
COO of NYSE Euronext
Transactions
- Tax Payment
Common Stock
2017-02-17$58.40/sh−11,396$665,526→ 96,454 total
Footnotes (2)
- [F1]Represents shares of performance based restricted stock units granted to the filing person on January 20, 2015. The vesting of the shares of performance based restricted stock units was conditioned upon the achievement of certain 2015 earnings before interest, taxes, depreciation, and amortization ("EBITDA") performance versus pre-established targets. The restricted stock units vest over three years (1/3 on February 17, 2016, 1/3 on February 17, 2017 and 1/3 on February 17, 2018). Of the 61,250 shares, 20,415 shares were issued on February 17, 2017, of which 11,396 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 20,415 shares are scheduled to be issued on the remaining vesting date and taxes for this future issuance will be withheld and reported at the time the shares are issued.
- [F2]The common stock number referred in Table I is an aggregate number and represents 38,836 shares of common stock and 57,618 unvested performance based restricted stock units, for which the performance period has been satisfied. These performance based restricted stock units vest over a three year period, in which 33.33% of the units vest each year. The satisfaction of the 2017 performance based restricted units tied to earnings before interest, taxes, depreciation, and amortization, ("EBITDA") and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2018 and will be reported at the time of vesting. The satisfaction of the 2017 total shareholder return performance based restricted stock units and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2020 and will be reported at the time of vesting.