SEC Form 4 · accession 0001209191-17-023207
WEST CORP · WSTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Treinen
Officer — EVP-Corp Dev & Planning
Period of report
Mar 24, 2017
Accepted (ET)
Mar 28, 2017 · 7:33 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 | Mar 24, 2017 | A | 13,880 | $0.00 | A | 129,728 | D | |
| Common Stock | holding | — | — | — | 80,181 | I | David J. Treinen Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitsF2 | — | Mar 24, 2017 | A | 20,820 | A | — | — | Common Stock | 20,820 | 65,820 | D |
Explanation of responses
- F1Restricted stock granted under the terms of the West Corporation Amended and Restated 2013 Long-Term Incentive Plan. Under the terms of the restricted stock grant, the restricted stock vests as to one-fourth of the shares on each of the first four anniversary dates of March 1, 2017.
- 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. Shares of West common stock will be delivered to the reporting person following the vesting date based on the specified performance measure.