4//SEC Filing
SORENSEN JEFFREY J. 4
Accession 0001408287-10-000149
CIK 0001408287other
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 6:51 PM ET
Size
9.9 KB
Accession
0001408287-10-000149
Insider Transaction Report
Form 4
Zep Inc.ZEP
SORENSEN JEFFREY J.
VP, Chief Marketing Officer
Transactions
- Award
Common Stock
2010-10-05+2,266→ 7,561 total - Award
Employee Stock Option (right to buy)
2010-10-05+2,913→ 2,913 totalExercise: $17.65Exp: 2020-10-04→ Common Stock (2,913 underlying) - Award
Performance Shares
2010-10-05+1,278→ 1,278 total→ Common Stock (1,278 underlying)
Footnotes (3)
- [F1]The total direct shares shown includes 6,587 time-vesting restricted and/or performance shares.
- [F2]This stock option vests ratably over a four-year period and will become fully vested on October 5, 2014.
- [F3]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 $19.06, $20.29, $22.06 and $23.82, and the related Target Dates are October 5, 2011, October 5, 2012, October 5, 2013 and October 5, 2014, 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 0001474354
Filing Metadata
- Form type
- 4
- Filed
- Oct 6, 8:00 PM ET
- Accepted
- Oct 7, 6:51 PM ET
- Size
- 9.9 KB