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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units (3) | $ 0 | 03/08/2019 | M(4) | 20,041 | 03/08/2018 | 12/31/2028 | Common Stock | 20,041 | $ 0 | 0 | D | ||||
Restricted Stock Units (3) | $ 0 | 03/08/2019 | A(5) | 36,000 | 03/08/2018 | 12/31/2028 | Common Stock | 36,000 | $ 0 | 36,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kellar Kelli L 1939 CEDAR HILL DRIVE BLOOMFIELD HILLS, MI 48301 |
VP - Finance and CFO |
/s/ Kelli L. Kellar | 03/12/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Issuance of shares upon vesting of 31,200 out of 36,000 restricted stock units (20,041 net of taxes), with the remaining 4,800 unearned restricted stock units being cancelled. |
(2) | Does not include 36,000 unvested restricted stock units, the vesting of 24,000 of which is subject to future performance criteria. |
(3) | Each restricted stock unit represents a contingent right to receive one share of common stock. |
(4) | Removal of restrictions and issuance of 20,041 shares of stock on 03/08/2019 due to vesting of 31,200 out of 36,000 restricted stock units (20,041 net of taxes), with the remaining 4,800 unearned restricted stock units being cancelled. |
(5) | Award of restricted stock units, vesting 1/3 on continued employment (1/9 vesting at the end of each year over three years) and 2/3 on multi-year performance criteria. |