SEC Form 4 · accession 0001179110-16-020957
RUSH ENTERPRISES INC \TX\ · RUSHA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Rusty Rush
Officer — CEO and President · Director · 10% Owner
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 6:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001012019
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Mar 1, 2016 | M | 25,000 | $12.913 | A | 107,061 | D | |
| Class A Common StockF1 | Mar 1, 2016 | S | 25,000 | $17.9915 | D | 82,061 | D | |
| Class A Common Stock | Mar 2, 2016 | M | 20,000 | $12.913 | A | 102,061 | D | |
| Class A Common StockF2 | Mar 2, 2016 | S | 20,000 | $18.2862 | D | 82,061 | D | |
| Class A Common Stock | holding | — | — | — | 1,486 | I | By 3MR Partners, L.P. | |
| Class B Common StockF3 | holding | — | — | — | 222,007 | D | ||
| Class B Common Stock | holding | — | — | — | 1,623,636 | I | By 3MR Partners, L.P. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F4 | $12.913 | Mar 1, 2016 | M | 25,000 | D | — | Mar 15, 2016 | Class A Common Stock | 25,000 | 20,000 | D |
| Option (right to buy)F4 | $12.913 | Mar 2, 2016 | M | 20,000 | D | — | Mar 15, 2016 | Class A Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.90 to $18.09. The reporting person undertakes to provide Rush Enterprises, Inc., any security holder of Rush Enterprises, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F2This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.20 to $18.47. The reporting person undertakes to provide Rush Enterprises, Inc., any security holder of Rush Enterprises, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F3Includes unvested restricted stock units.
- F4Options may be exercised in increments of 1/3 on each anniversary of the grant date beginning on the third anniversary of the grant date. The grant date is ten years prior to the expiration date.