Jenkins Charles R III 4
4 · Blue Bird Corp · Filed Dec 15, 2020
Insider Transaction Report
Form 4
Blue Bird CorpBLBD
Jenkins Charles R III
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock, par value $0.0001 per share
2020-12-11$16.99/sh−319$5,420→ 5,601 total - Tax Payment
Common Stock, par value $0.0001 per share
2020-12-11$16.20/sh−1,736$28,123→ 3,113 total - Award
Stock Option (right to buy)
2020-12-11+1,951→ 1,951 totalExercise: $18.10From: 2020-12-11Exp: 2027-12-10→ Common Stock (1,951 underlying) - Award
Stock Option (right to buy)
2020-12-11+2,944→ 2,944 totalExercise: $16.99From: 2020-12-11Exp: 2028-12-10→ Common Stock (2,944 underlying) - Award
Stock Option (right to buy)
2020-12-11+5,787→ 5,787 totalExercise: $16.20Exp: 2030-12-10→ Common Stock (5,787 underlying) - Disposition to Issuer
Common Stock, par value $0.0001 per share
2020-12-11$18.10/sh−212$3,837→ 5,920 total - Disposition to Issuer
Common Stock, par value $0.0001 per share
2020-12-11$20.26/sh−752$15,236→ 4,849 total - Award
Common Stock, par value $0.0001 per share
2020-12-11$16.20/sh+11,285$182,817→ 14,398 total - Award
Stock Option (right to buy)
2020-12-11+2,319→ 2,319 totalExercise: $20.26From: 2020-12-11Exp: 2029-12-11→ Common Stock (2,319 underlying)
Footnotes (6)
- [F1]The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation.
- [F2]The RSU's vest 1/3 on each of the dates December 11, 2021, December 11, 2022 and December 11, 2023 subject to downward adjustments consistent with each respective fiscal year's actual percentage payout of the Management Performance bonus award. Any downward adjustments shall not reduce the number of RSU's that vest below 50% of the amount(s) granted.
- [F3]On December 11, 2017, the reporting person was granted an option to purchase shares of common stock, which vests over a three year period in equal installments based on satisfaction of certain performance criteria for each of the applicable fiscal years. Although the performance criteria for fiscal 2020 was not met, the Compensation Committee vested the number of options reported under its discretionary authority.
- [F4]On December 11, 2018, the reporting person was granted an option to purchase shares of common stock, which vests over a three year period in equal installments based on satisfaction of certain performance criteria for each of the applicable fiscal years. Although the performance criteria for fiscal 2020 was not met, the Compensation Committee vested the number of options reported under its discretionary authority.
- [F5]On December 11, 2019, the reporting person was granted an option to purchase shares of common stock, which vests over a three year period in equal installments based on satisfaction of certain performance criteria for each of the applicable fiscal years. Although the performance criteria for fiscal 2020 was not met, the Compensation Committee vested the number of options reported under its discretionary authority.
- [F6]Award represents one option grant which vests over a three year period in equal installments (12/11/2021, 12/11/2022, 12/11/2023).