SEC Form 4 · accession 0001225208-16-027035
LEXMARK INTERNATIONAL INC /KY/ · LXK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul A Rooke
Officer — Chairman and CEO · Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 8:59 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001288
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Feb 17, 2016 | A | 100,000 | $0.00 | A | 251,432 | D | |
| Class A Common StockF2,F3 | Feb 17, 2016 | A | 48,200 | $0.00 | A | 299,632 | D | |
| Class A Common Stock | holding | — | — | — | 650 | I | By 401(k) | |
| Class A Common Stock | holding | — | — | — | 188,064 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an award to the Reporting Person of an equal number of PRSUs granted pursuant to the Issuer's stock incentive plan, as approved by the Committee on February 17, 2016. On March 8, 2013, the Reporting Person was granted an opportunity to earn a maximum of 160,000 PRSUs (80,000 PRSUs at Target), subject to the achievement of the performance measure (the Company's relative return on invested capital (ROIC) measured against the ROIC of the companies in the S&P MidCap Technology Index) during the 2013-2015 performance period. The Committee reviewed and certified the business results for the PRSUs on February 17, 2016 and determined that performance at 125% of Target had been attained for the performance period. 100% of the earned PRSUs will settle on February 24, 2016.
- F2Represents an award to the Reporting Person of an equal number of performance-based restricted stock units (PRSUs) granted pursuant to the Issuer's stock incentive plan, as approved by the Compensation and Pension Committee of the Board of Directors (the "Committee") on February 17, 2016. On February 18, 2015, the Reporting Person was granted an opportunity to earn a maximum of 48,200 PRSUs (24,100 PRSUs at Target), subject to the achievement of the performance measure (services and software revenue) during the 2015 performance period. The Committee reviewed and certified the business results for the PRSUs on February 17, 2016 and determined that maximum attainment had been achieved for the one-year performance period. The earned PRSUs will become vested and settle in three approximately equal installments (34%, 33% and 33%) on February 24, 2016, February 24, 2017 and February 24, 2018, respectively.
- F3299,632 of these securities are restricted stock units and earned PRSUs, including associated dividend equivalent units, which have not yet vested.