SPARTON CORP 4
4 · SPARTON CORP · Filed Sep 12, 2016
Insider Transaction Report
Form 4
SPARTON CORPSPA
Madlock Gordon B
Sr. Vice President. Operations
Transactions
- Disposition to Issuer
Common Stock
2016-09-08−4,776→ 25,462 total - Award
Restricted Stock Units
2016-09-08+4,591→ 16,206 total→ Common Stock (4,591 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Sparton Corporation common stock. Reporting person will forfeit the Restricted Stock Unit at the end of the performance period if some or all of the units do not vest.
- [F2]The Restricted Stock Units will vest over a period of approximately four years, provided certain criteria are met, or automatically upon a change of control of Sparton Corporation.