4//SEC Filing
Whitaker C Francis III 4
Accession 0001408287-10-000046
CIK 0001408287other
Filed
Jan 14, 7:00 PM ET
Accepted
Jan 15, 5:08 PM ET
Size
8.1 KB
Accession
0001408287-10-000046
Insider Transaction Report
Form 4
Zep Inc.ZEP
Whitaker C Francis III
VP, Gen. Counsel & Secretary
Transactions
- Exercise/Conversion
Common Stock
2010-01-14+503→ 12,932 total - Exercise/Conversion
Performance Shares
2010-01-14−503→ 503 total→ Common Stock (503 underlying)
Footnotes (3)
- [F1]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.
- [F2]The Performance Stock Award granted on September 1, 2009 achieved the third SAT on January 14, 2010. The shares will become fully vested on September 1, 2012.
- [F3]The total direct shares shown includes 8,654 time-vesting restricted and/or performance shares.
Documents
Issuer
Zep Inc.
CIK 0001408287
Entity typeother
Related Parties
1- filerCIK 0001414583
Filing Metadata
- Form type
- 4
- Filed
- Jan 14, 7:00 PM ET
- Accepted
- Jan 15, 5:08 PM ET
- Size
- 8.1 KB