SEC Form 4 · accession 0001209191-16-140380
WEST CORP · WSTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C. Mussman
Officer — EVP, Secretary and Gen Counsel
Period of report
Sep 2, 2016
Accepted (ET)
Sep 7, 2016 · 3:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001024657
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 2, 2016 | F | 6,064 | $23.46 | D | 278,018 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF2 | — | Sep 2, 2016 | A | 461 | A | — | — | Common Stock | 461 | 136,903 | D |
Explanation of responses
- F1Reflects 6,064 shares withheld by the Issuer at the market price of $23.46 per share for the required withholding taxes associated with the vesting of shares of the Issuer's Common Stock pursuant to the Issuer's Amended and Restated 2013 Long-Term Incentive Plan.
- F2These 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.