4//SEC Filing
ANSYS INC 4
Accession 0001214659-17-001727
CIK 0001013462operating
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 5:26 PM ET
Size
15.5 KB
Accession
0001214659-17-001727
Insider Transaction Report
Form 4
ANSYS INCANSS
HINDSBO MARK
Vice President, Marketing
Transactions
- Award
Common Stock
2017-03-05+2,822→ 20,564 total - Award
Performance Restricted Stock Unit
2017-03-05+6,400→ 12,400 totalExercise: $0.00→ Common Stock (6,400 underlying) - Tax Payment
Common Stock
2017-03-05$106.30/sh−386$41,032→ 9,742 total - Award
Common Stock
2017-03-05+8,000→ 17,742 total - Award
Performance Restricted Stock Unit
2017-03-05+1,600→ 6,000 totalExercise: $0.00→ Common Stock (1,600 underlying)
Footnotes (9)
- [F1]These shares were retained by the Company in order to meet the tax withholding obligations of the Reporting Person in connection with the vesting of an installment of restricted stock units granted to the Reporting Person on March 5, 2016.
- [F2]Represents restricted stock units ("Restricted Stock Units") issued under the Issuer's Fifth Amended and Restated 1996 Stock Option and Grant Plan. The Restricted Stock Units vest 25% annually in equal installments beginning on the first anniversary of the grant date. Each RSU is settled solely for one share of Common Stock.
- [F3]Represents restricted stock units ("Restricted Stock Units") issued under the Issuer's Fifth Amended and Restated 1996 Stock Option and Grant Plan. The Restricted Stock Units vest 20%, 30% and 50% respectively, beginning on the first anniversary of the grant date. Each RSU is settled solely for one share of Common Stock.
- [F4]Includes 7,425 Restricted Stock Units.
- [F5]Includes15,425 Restricted Stock Units.
- [F6]Includes 18,247 Restricted Stock Units.
- [F7]Each Performance Restricted Stock Unit ("Performance RSU") represents a contingent right to receive, pursuant to the Issuer's Fifth Amended and Restated 1996 Stock Option and Grant Plan, a distribution of the Issuer's common stock equal to 0% to 200% of the reported target Performance RSUs based on the achievement of certain performance criteria, as will be determined at the first meeting of the Issuer's compensation committee following each of December 31, 2017, December 31, 2018 and December 31, 2019, during a three-year cumulative performance cycle. One third of the target award is allocated to each year of the three-year performance cycle.
- [F8]Following the determination of the number of Performance RSUs earned for the period ending December 31, 2017 and separately for the period ending December 31, 2018, which will be made at the first meeting of the Issuer's compensation committee following December 31, 2017 and December 31, 2018, respectively, if 100% or more of the Performance RSUs are earned, then 50% of the earned Performance RSUs for such period will vest and settle on such date, with the remaining 50% of the earned Performance RSUs for such period vesting on December 31, 2019, and otherwise, all earned Performance RSUs for such period will vest on December 31, 2019, in all cases, provided that the reporting person remains employed by the Issuer on the applicable vesting date.
- [F9]Each Performance Restricted Stock Unit ("Performance RSU") represents a contingent right to receive, pursuant to the Issuer's Second Amended and Restated Long-Term Incentive Plan, a distribution of the Issuer's common stock equal to 0% to 150% of the reported target Performance RSUs based on the total shareholder return realized by the Issuer's stockholders, as measured against the percentage appreciation in the NASDAQ Composite Index, during a three-year cumulative performance cycle (January 1, 2017 to December 31, 2019). All earned Performance RSUs will vest and settle on December 31, 2019, provided the reporting person remains employed by the Issuer on such date.
Documents
Issuer
ANSYS INC
CIK 0001013462
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001013462
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 5:26 PM ET
- Size
- 15.5 KB