SEC Form 4 · accession 0001179110-16-031620
TRIUMPH GROUP INC · TGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Silvestri
Director
Period of report
Nov 10, 2016
Accepted (ET)
Nov 15, 2016 · 4:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001021162
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 10, 2016 | A | 5,035 | $0.00 | A | 133,135 | D | |
| Common StockF2 | holding | — | — | — | 10,000 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 6,000 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person received 5,035 restricted stock units, each unit representing the contingent right to receive one share of common stock. Forfeiture restrictions lapse on the restricted stock units on the first anniversary of the date of grant, unless earlier terminated as set forth in the Company's 2016 Directors' Equity Compensation Plan (the "Plan"). The award is contingent upon approval of the Plan by stockholders within the next twelve months and will be void if such approval is not obtained. The Company intends to present a proposal to approve the Plan at the 2017 Annual Meeting of Stockholders.
- F2Shares of common stock owned by the Silvestri 2002 Trust of which the reporting person's spouse serves as Trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
- F3Shares of common stock owned by the Silvestri Family Foundation of which the reporting person serves as an Officer. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.