SPARTON CORP 4
4 · SPARTON CORP · Filed Sep 12, 2016
Insider Transaction Report
Form 4
SPARTON CORPSPA
Lackemacher James M
Group VP, Government Systems
Transactions
- Disposition to Issuer
Common Stock
2016-09-08−3,995→ 41,536 total - Award
Restricted Stock Units
2016-09-08+4,591→ 12,313 total→ Common Stock (4,591 underlying)
Holdings
- 2,905(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Between December 31, 2015 and March 31, 2016, the reporting person disposed of 24 shares in a non-discretionary sale resulting from 401(k) Plan non-discrimination testing.
- [F2]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.
- [F3]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.