Sloan Michael D 4
4 · STONERIDGE INC · Filed Aug 16, 2017
Insider Transaction Report
Form 4
Sloan Michael D
VP and GM of Hi-Stat
Transactions
- Sale
Common Shares, without par value
2017-08-14$16.30/sh−30,000$489,000→ 34,223 total
Holdings
- 100,355
Performance Shares
→ Common Shares, without par value (100,355 underlying)
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. The Company Common Shares were sold in multiple transactions on August 14, 2017 at prices ranging from $16.20 per shares to $16.4216 per share. The Reporting Person undertakes to provide Stoneridge, Inc. and the SEC Staff, upon request, full information on the number of shares sold each separate price with that range.
- [F2]Each Performance Share (unit) was granted to the Reporting Person under the Company's Long-Term Incentive Plan and represents a contingent right to receive one Company Common Share. The Performance Shares were granted to the Reporting Person in 2015, 2016 and 2017 and shall be earned in some cases contingent on continued employment until a date three years from the date of grant and in other cases contingent on the same three year employment condition and on Company performance over a three year period.