4//SEC Filing
SORENSEN JEFFREY J. 4
Accession 0001408287-10-000057
CIK 0001408287other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 4:08 PM ET
Size
10.9 KB
Accession
0001408287-10-000057
Insider Transaction Report
Form 4
Zep Inc.ZEP
SORENSEN JEFFREY J.
VP, Chief Marketing Officer
Transactions
- Exercise/Conversion
Performance Shares
2010-01-19−1,045→ 0 totalExercise: $0.00→ Common Stock (1,045 underlying) - Exercise/Conversion
Common Stock
2010-01-19+1,045→ 5,634 total - Award
Share Units
2010-01-15$22.96/sh+17$390→ 133 total→ Common Stock (17 underlying)
Footnotes (6)
- [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 fourth SAT on January 19, 2010. The shares will become fully vested on September 1, 2013.
- [F3]The total direct shares shown includes 5,367 time-vesting restricted and/or performance shares.
- [F4]Stock Units are accrued under the Issuer's Supplemental Deferred Savings Plan (SDSP) and are payable in common stock upon retirement in either a lump sum or up to 10 annual installments. During the Reporting Period and in accordance with the provisions of the SDSP, certain of the Reporting Person's salary and/or bonus deferrals were invested into the Share Unit Fund in accordance with his election resulting in an increase in the number of share units held by the Reporting Person.
- [F5]1-for-1
- [F6]Stock Units issued pursuant to the SDSP are payable in Zep common shares upon retirement in either a lump sum or up to 10 annual installments.
Documents
Issuer
Zep Inc.
CIK 0001408287
Entity typeother
Related Parties
1- filerCIK 0001474354
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 4:08 PM ET
- Size
- 10.9 KB