LKQ CORP 4
4 · LKQ CORP · Filed May 4, 2016
Insider Transaction Report
Form 4
LKQ CORPLKQ
Brooks Ash T
SVP -- CIO
Transactions
- Award
Common Stock
2016-05-02+10,906→ 14,832 total - Award
Common Stock
2016-05-02+3,926→ 3,926 total
Footnotes (2)
- [F1]The transaction represents an award of restricted stock units that are subject to two vesting conditions, each of which must be satisfied: (a) time-based vesting equal to 16.67% of the number of restricted stock units subject to the award on July 14, 2016 and on each six-month anniversary of July 14, 2016; and (b) a performance-based condition of positive fully-diluted earnings per share of the Company (subject to adjustment for certain extraordinary items) for any of the first five fiscal years ending after the grant date. If and when the performance-based condition is met, all restricted stock units that had previously met the time-based vesting condition will vest immediately and the remaining restricted stock units will vest according to the remaining schedule of the time-based condition. If the performance-based condition is not met, all restricted stock units will be forfeited.
- [F2]The transaction represents an award of restricted stock units that vest with respect to 16.67% of the number of restricted stock units subject to the award on July 14, 2016 and on each six-month anniversary of July 14, 2016.