SEC Form 4 · accession 0001209191-17-022990
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
Mar 21, 2017
Accepted (ET)
Mar 27, 2017 · 5:34 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1 | — | Mar 21, 2017 | L | 65 | A | — | — | Common Stock | 65 | 121,493 | D |
Explanation of responses
- F1Each 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.
- F2Small acquisition also an award subject to Rule 16b-3(d).
- F3Price reflects closing price for Issuer's Common Stock on the payment date for the dividend associated with the dividend equivalent payment.