SEC Form 4 · accession 0001127602-17-017931
TWIN DISC INC · TWIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dean Bratel
Officer — VP-Sales & Applied Technology
Period of report
May 12, 2017
Accepted (ET)
May 12, 2017 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000100378
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 12, 2017 | S | 5,000 | $19.72 | D | 39,229 | D | |
| Common Stock | holding | — | — | — | 2,534 | I | 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award of Restricted Stock for no cash consideration pursuant to the Twin Disc, Incorporated 2010 Long Term Incentive Compensation Plan as amended. 2,000 will vest on August 4, 2016, 2,000 will vest on August 4, 2017 and 3,310 will vest on July 31, 2018.
- F2Award of Restricted Stock pursuant to Twin Disc, Incorporated 1998 Stock Incentive Plan. Stock Grant will be 50% vested after two years and 100% vested after four years.