4//SEC Filing
Jason Industries, Inc. 4
Accession 0001579252-17-000013
CIK 0001579252operating
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:38 PM ET
Size
12.4 KB
Accession
0001579252-17-000013
Insider Transaction Report
Form 4
Prasad Srivas
President, Seating segment
Transactions
- Exercise/Conversion
Common Stock
2017-02-22+24,354→ 46,991 total - Exercise/Conversion
JPHI Holdings, Inc. common stock
2017-02-22−24,354→ 0 total→ Common Stock (24,354 underlying)
Holdings
- 5,700(indirect: By IRA)
Common Stock
- 60,785
Restricted Stock Units
→ Common Stock (60,785 underlying) - 17,367.34
Restricted Stock Units
→ Common Stock (17,367.34 underlying)
Footnotes (4)
- [F1]The time-vesting restricted stock units vest in equal one-third (1/3) installments on each of the first three (3) anniversaries following June 30, 2014, provided that the reporting person has not been terminated prior to the applicable vesting date.
- [F2]Provided that the reporting person has not been terminated prior to the applicable vesting date, the stock-price vesting restricted stock units vest in the following amounts if on any date between June 30, 2014 and the third anniversary of that date the fair market value of Jason Industries, Inc.'s common stock: (i) equals or exceeds $12.00 in any twenty (20) trading days within a thirty (30) day period, then 15,196.25 of the stock price-vesting restricted stock units shall vest; (ii) equals or exceeds $13.50 in any twenty (20) trading days within a thirty (30) day period, then an additional 15,196.25 of the stock price-vesting restricted stock units shall vest (a total of 30,392.5 of the stock price-vesting restricted stock units);
- [F3](Continued From Footnote 2) (iii) equals or exceeds $15.00 in any twenty (20) trading days within a thirty (30) trading day period, then an additional 15,196.25 of the stock price-vesting restricted stock units shall vest (a total of 45,588.75 of the stock price-vesting restricted stock units); and (iv) equals or exceeds $17.00 in any twenty (20) trading days within a thirty (30) trading day period, then an additional 15,196.25 of the stock price-vesting restricted stock units shall vest (a total of 60,785 of the stock price-vesting restricted stock units). Any portion of the stock price-vesting restricted stock units that have not become fully vested on the date immediately following the third anniversary of June 30, 2014 shall be cancelled and forfeited for no consideration.
- [F4]Exchangeable on a one-share to one-share ratio (1:1) for common stock of Jason Industries, Inc., such ratio to be adjusted upon certain events, including stock splits, dividends and other changes to or payments on Jason Industries, Inc. common stock, pursuant to the terms of that certain Investor Rights Agreement, dated as of June 30, 2014, by and among each of Quinpario Acquisition Corp. (now known as Jason Industries, Inc.), JPHI Holdings, Inc. and each of the Holders signatory thereto.
Documents
Issuer
Jason Industries, Inc.
CIK 0001579252
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001579252
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:38 PM ET
- Size
- 12.4 KB