4//SEC Filing
Jameson Piper P 4
Accession 0001209191-17-064551
CIK 0001261654other
Filed
Dec 6, 7:00 PM ET
Accepted
Dec 7, 7:01 PM ET
Size
10.8 KB
Accession
0001209191-17-064551
Insider Transaction Report
Form 4
Jameson Piper P
EVP & Chief Marketing Officer
Transactions
- Award
Common Stock, $0.0001 par value
2017-12-05+36,983→ 57,817 total - Award
Performance Cash
2017-12-05Exp: 2020-12-05→ Cash - Award
Performance Units
2017-12-05+27,737→ 27,737 totalExp: 2020-12-05→ Common Stock (27,737 underlying)
Footnotes (3)
- [F1]The Board of Directors approved the grant on December 5, 2017. The restricted stock units vest in three equal annual installments.
- [F2]Each performance unit represents a contingent right to receive one share of the Company's common stock, 50% of which vest based on the 2-year compound annual total shareholder return ("TSR") and 50% of which vest based on the 3-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 or third anniversary, as applicable, 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.
- [F3]Represents a contingent right to receive cash, 50% of which vest based on the 2-year compound annual TSR and 50% of which vest based on the 3-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 or third anniversary, as applicable, 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.
Documents
Issuer
UNIVERSAL TECHNICAL INSTITUTE INC
CIK 0001261654
Entity typeother
Related Parties
1- filerCIK 0001534143
Filing Metadata
- Form type
- 4
- Filed
- Dec 6, 7:00 PM ET
- Accepted
- Dec 7, 7:01 PM ET
- Size
- 10.8 KB