4//SEC Filing
Whitaker C Francis III 4
Accession 0001408287-09-000087
CIK 0001408287other
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 5:47 PM ET
Size
10.0 KB
Accession
0001408287-09-000087
Insider Transaction Report
Form 4
Zep Inc.ZEP
Whitaker C Francis III
VP, Gen. Counsel & Secretary
Transactions
- Award
Common Stock
2009-09-01+1,731→ 12,322 total - Award
Performance Shares
2009-09-01+2,014→ 2,014 total→ Common Stock (2,014 underlying) - Award
Employee Stock Option (right to buy)
2009-09-01+4,912→ 4,912 totalExercise: $15.02Exp: 2019-08-31→ Common Stock (4,912 underlying)
Footnotes (4)
- [F1]The shares being reported result from the award of restricted shares pursuant to the Issuer's Long-Term Incentive Plan.
- [F2]The total direct shares shown include 9,926 time-vesting restricted shares.
- [F3]This stock option vests ratably over a three-year period and will become fully vested on September 1, 2012.
- [F4]Represents the right to receive shares of Zep common stock upon the achievement of specified Stock Appreciation Targets ("SATs") and Target Dates. The SATs are $17.21, $18.03, $18.85 and $19.67, and the related Target Dates are September 1, 2010, September 1, 2011, September 1, 2012 and September 1, 2013, respectively. If any or all of the SATs have not been achieved by the last Target Date, the shares may nevertheless become vested if the price of the Company's common stock met or exceeded the return of the Russell 2000 Index for the four-year period beginning on the grant date and ending on the last Target Date.
Documents
Issuer
Zep Inc.
CIK 0001408287
Entity typeother
Related Parties
1- filerCIK 0001414583
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 5:47 PM ET
- Size
- 10.0 KB