CBIZ, Inc. 4
4 · CBIZ, Inc. · Filed May 11, 2017
Insider Transaction Report
Form 4
CBIZ, Inc.CBZ
GLEESPEN MICHAEL W
Corporate Secretary
Transactions
- Tax Payment
Common stock
2017-05-09$15.45/sh−986$15,234→ 100,670 total - Award
Employee Stock Option
2017-05-10+36,000→ 36,000 totalExercise: $15.55From: 2018-05-10Exp: 2023-05-10→ Common stock (36,000 underlying) - Award
Common stock
2017-05-10+12,000→ 112,670 total - Tax Payment
Common stock
2017-05-10$15.55/sh−986$15,332→ 111,684 total
Footnotes (4)
- [F1]Surrender of stock to satisfy withholding obligation on vesting of restricted stock
- [F2]Consists of restricted shares issued under the CBIZ, Inc. 2014 Stock Incentive Plan. Restrictions lapse with respect to 25% of the granted restricted shares on each of the first, second, third and fourth anniversaries of the grant date, provided grantee is still providing services to CBIZ on such vesting dates, and grantee has complied with the applicable CBIZ client non-interference policy.
- [F3]No consideration was provided for this grant.
- [F4]Consists of Options granted of5/10/2017 vesting in 25% increments each year beginning 05/10/2018 and expiring on 05/10/2023.