SEC Form 4 · accession 0001209191-16-140138
WEST CORP · WSTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nancee R Berger
Officer — President and COO
Period of report
Nov 13, 2015
Accepted (ET)
Sep 6, 2016 · 5:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001024657
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF1 | — | Nov 13, 2015 | A | 1,626 | A | — | — | Common Stock | 1,626 | 282,582 | D |
| Restricted Stock UnitsF3,F2 | — | Sep 1, 2016 | A | 248 | A | — | — | Common Stock | 248 | 120,960 | D |
Explanation of responses
- F1These stock units were granted under the Issuer's Nonqualified Deferred Compensation Plan (the "Plan") and represent notional equity interests in the Issuer credited to the filing person's deferred compensation account. Each stock unit is the economic equivalent of one share of the Issuer's Common Stock. The Issuer matches 50% of any amounts invested in stock units, subject to vesting as set forth in the Plan. These stock units become payable, through the issuance of shares of the Issuer's Common Stock (or the cash equivalent thereof), on the date specified by the filing person, which can be no earlier than five years following the year of deferral associated with such stock units or, if earlier, six months after the date the filing person separates from service with the Issuer or the date of death of the filing person.
- F2Each restricted stock unit represents a right to receive one share of West common stock granted under the terms of the West Corporation Amended and Restated 2013 Long-Term Incentive Plan ("LTIP") and is subject to a deferral election under the West Corporation Stock Deferral Plan. These restricted stock units represent additional units credited to the filing person's deferral account as dividend equivalents earned on the stock units vested as of the applicable record date. In accordance with the terms of the Issuer's Stock Deferral Plan, these stock units become payable through the issuance of shares of the Issuer's Common Stock on the date specified by the filing person, or, if earlier, six months after the date the filing person separates from service with the Issuer or the date of death of the filing person.
- F3Price reflects closing price for Issuer's Common Stock on the payment date for the dividend associated with the dividend equivalent payment.