GENUINE PARTS CO 4
4 · GENUINE PARTS CO · Filed Apr 4, 2017
Insider Transaction Report
Form 4
Breen Timothy P
Executive Vice President
Transactions
- Award
Stock Appreciation Right
2017-04-03$90.34/sh+7,920$715,493→ 7,920 totalExercise: $90.34From: 2018-04-03Exp: 2027-04-03→ Common Stock (7,920 underlying) - Award
Employee Stock Option (Right to Buy)
2017-04-03$90.34/sh+7,920$715,493→ 7,920 totalExercise: $90.34From: 2018-04-03Exp: 2027-04-03→ Common Stock (7,920 underlying) - Award
Restricted Stock Units
2017-04-03+3,655→ 3,655 totalExercise: $0.00→ Common Stock (3,655 underlying)
Footnotes (4)
- [F1]The stock appreciation right and the employee stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other.
- [F2]The stock appreciation rights vest 1/3 per year beginning on the first anniversary of the grant date provided the reporting person is still employed on those dates, subject to earlier vesting in certain events.
- [F3]Each restricted stock unit represents a contingent right to receive one share of GPC common stock at a future date.
- [F4]The restricted stock units will be earned on December 31, 2017 provided certain pre-tax profit targets are achieved by GPC for fiscal year 2017. If earned, the units will vest and convert to shares of common stock on December 1, 2021 provided the reporting person is still employed on that date, subject to earlier vesting in certain events.