Jameson Piper P 4
4 · UNIVERSAL TECHNICAL INSTITUTE INC · Filed Sep 15, 2017
Insider Transaction Report
Form 4
Jameson Piper P
EVP & Chief Marketing Officer
Transactions
- Award
Performance Cash
2017-09-13Exp: 2019-09-13→ Cash - Award
Performance Units
2017-09-13+15,581→ 15,581 totalExp: 2019-09-13→ Common Stock (15,581 underlying)
Footnotes (2)
- [F1]Each performance unit represents a contingent right to receive one share of the Company's common stock, which vests based on the 2-year compound annual total shareholder return ("TSR"). For purposes of determining the TSR, the change in the price of the Company's common stock is based upon the 30-trading day average closing stock price (i) immediately preceding the grant date at the beginning of the performance period, and (ii) immediately preceding the second anniversary of the grant date at the end of the performance period. The number represents the maximum number of shares that may be delivered pursuant to the award, which is 150% of the target number of shares.
- [F2]Represents a contingent right to receive cash, which vests based on the 2-year compound annual TSR. For purposes of determining the TSR, the change in the price of the Company's common stock is based upon the 30-trading day average closing stock price (i) immediately preceding the grant date at the beginning of the performance period, and (ii) immediately preceding the second anniversary of the grant date at the end of the performance period. The amount represents the maximum amount of cash that may be delivered pursuant to the award, which is 150% of the target amount of cash.