SEC Form 4 · accession 0001127602-15-007734
CSG SYSTEMS INTERNATIONAL INC · CSGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter E Kalan
Officer — CEO & President
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001005757
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2015 | A | 42,829 | $30.12 | A | 422,760 | D | |
| Common Stock | Feb 19, 2015 | A | 28,552 | $30.12 | A | 451,312 | D | |
| Common StockF2 | Feb 19, 2015 | F | 2,439 | $30.12 | D | 379,931 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These awards vest only upon the achievement of objective performance goals over a three-year period. All or a portion of these shares may vest only upon satisfying a combination of the following financial criteria, measured both annually, and on a cumulative basis: (i) achievement of a specified adjusted net income; and (ii) achievement of a specified revenue target. In addition, any shares that do not vest because of the level of financial criteria achieved, can vest upon the achievement of a specified company stock price, measured at the end of the three year period.
- F27,518 shares of restricted stock held by Mr. Peter E. Kalan vested February 19, 2015. The sold shares reported on this form represent those shares sold to cover a portion of the personal income tax withholding requirements as a result of such vesting.