Pai Vinayak Ratnakar 4
4 · JACOBS ENGINEERING GROUP INC /DE/ · Filed Nov 28, 2018
Insider Transaction Report
Form 4
Pai Vinayak Ratnakar
President, Petroleum&Chemical
Transactions
- Exercise/Conversion
Common Stock
2018-11-26+3,159→ 14,121 total - Tax Payment
Common Stock
2018-11-26$65.27/sh−1,134$74,016→ 12,987 total - Exercise/Conversion
Performance Stock Units
2018-11-26−3,159→ 0 totalExercise: $0.00→ Common Stock (3,159 underlying) - Exercise/Conversion
Common Stock
2018-11-26+2,967→ 12,027 total - Tax Payment
Common Stock
2018-11-26$65.27/sh−1,065$69,513→ 10,962 total - Exercise/Conversion
Performance Stock Units
2018-11-26−2,967→ 0 totalExercise: $0.00→ Common Stock (2,967 underlying)
Footnotes (6)
- [F1]Represents distribution of JEC common stock upon vesting of performance stock units awarded on November 19, 2015 pursuant to the 1999 Stock Incentive Plan.
- [F2]The number of performance stock units that vested, and therefore the number of shares of JEC common stock issued upon vesting, represents 140.9% of the number of performance stock units initially awarded, with such percentage based on the growth of the Company's net earnings over the three year performance period.
- [F3]Represents number of shares of JEC common stock tendered for tax withholding on distribution of JEC common stock upon vesting of performance stock units.
- [F4]The number of performance stock units that vested, and therefore, the number of shares of JEC common stock issued upon vesting, represents 150% of the number of performance stock units initially awarded, with such percentage based on the stock price performance of JEC common stock relative to the stock price performance of a defined group of industry peers.
- [F5]Each performance stock unit award represented a contingent right to receive one share of JEC common stock.
- [F6]The performance stock units awarded vested on November 26, 2018.