Hawkins Ernest D 4
4 · RBC Bearings INC · Filed Dec 4, 2018
Insider Transaction Report
Form 4
RBC Bearings INCROLL
Hawkins Ernest D
Vice President of Finance
Transactions
- Tax Payment
Common Stock
2018-12-02$153.02/sh−125$19,128→ 3,792 total
Holdings
- 5,000
Option to Purchase Common Stock
Exercise: $132.12From: 2019-06-07Exp: 2025-06-07→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock
- [F2]1,200 shares of the reported Common Stock are Restricted Shares. 1/3 vest on 12/2/2019, 1/3 vest on 12/2/2020, 1/3 vest on 2021. Unvested shares of Restricted Stock (i)may be immediately forfeited to the Company at the time the grantee ceases to be an officer or employee of, or otherwise perform services for, the company or its subsidiaries under certain circumstances or (ii) may lapse upon the happening of certain events.
- [F3]520 shares of the reported Common Stock are Restricted Shares. 1/2 vest on 5/5/2019 and 1/2 vest on 5/5/2020. Unvested shares of Restricted Stock (i) may be immediately forfeited to the Company at the time the grantee ceases to be an officer or employee of, or otherwise perform services for, the Company or its subsidiaries under certain circumstances or (ii) may lapse upon the happening of certain events.
- [F4]Options to purchase shares of Common Stock are subject to the following vesting schedule - 1/5 vest on 6/7/2019, 1/5 vest on 6/7/2020, 1/5 vest on 6/7/2021, 1/5 vest on 6/7/2022 and 1/5 vest on 6/7/2023. Options expire 7 years from grant date.