Schneider Joseph Thomas 4
4 · SPARTON CORP · Filed Apr 17, 2018
Insider Transaction Report
Form 4
SPARTON CORPSPA
Schneider Joseph Thomas
Sr. VP - Sales & Marketing
Transactions
- Disposition to Issuer
Stock Option
2018-04-13−2,928→ 2,929 totalExercise: $23.02Exp: 2025-09-10→ Common Stock (2,928 underlying) - Disposition to Issuer
Stock Option
2018-04-13−2,535→ 2,536 totalExercise: $26.04Exp: 2025-05-26→ Common Stock (2,535 underlying) - Disposition to Issuer
Restricted Stock Units
2018-04-13−12,816→ 0 total→ Common Stock (12,816 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Sparton Corporation common stock or cash at the election of the Compensation Committee.
- [F2]The Restricted Stock Units will vest over a period of approximately four years, provided certain performance criteria are met.
- [F3]The Stock Option vests at a rate of 25% per year commencing on May 26, 2016, and 25% on each subsequent anniversary date until 100% vested. The option shares are exercisable as soon as they have vested.
- [F4]The Stock Option vests at a rate of 25% per year commencing on September 10, 2016, and 25% on each subsequent anniversary date until 100% vested. The option shares are exercisable as soon as they have vested.