SEC Form 4 · accession 0001209191-17-023200
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 24, 2017
Accepted (ET)
Mar 28, 2017 · 7:27 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 UnitsF1 | — | Mar 24, 2017 | A | 18,540 | A | — | — | Common Stock | 18,540 | 140,033 | D |
| Performance-based Restricted Stock UnitsF2 | — | Mar 24, 2017 | A | 27,810 | A | — | — | Common Stock | 27,810 | 57,810 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of West common stock. The restricted stock units vest in four equal annual installments on March 1, 2018, March 1, 2019, March 1, 2020 and March 1, 2021, respectively. Except to the extent deferred, vested shares will be delivered to the reporting person on the applicable vesting date.
- F2Performance-based restricted stock units granted under the terms of the West Corporation 2013 Amended and Restated Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive between zero and 1.75 shares of West common stock. Under the terms of the restricted stock unit grant, the restricted stock unit is subject to vesting based on the specified performance measure (total shareholder return) during the 3-year period beginning on March 1, 2017 and ending on February 29, 2020. Except to the extent deferred, shares of West common stock will be delivered to the reporting person following the vesting date based on the specified performance measure.