SEC Form 4 · accession 0001511284-15-000060
TRC COMPANIES INC /DE/ · TRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W Bennet Jr.
Officer — Sr. Vice Pres. and CFO
Period of report
Oct 28, 2015
Accepted (ET)
Oct 30, 2015 · 4:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000103096
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.10 par valueF1 | Oct 28, 2015 | A | 18,000 | $0.00 | A | 429,033 | D | |
| Common Stock, $0.10 par valueF2 | Oct 28, 2015 | A | 27,000 | $0.00 | A | 456,033 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Unit award. The shares are subject to future vesting in 25% increments each on October 28, 2016, October 28, 2017, October 28, 2018 and October 28, 2019.
- F2Performance Stock Unit award. The award will vest based on Company performance in the fiscal year ending June 30, 2016. Additionally, the award is subject to adjustment based on threshold, target, and maximum performance factors. The adjustment ranges from 50% to 150%. The award will be pro-rated for achievement of the performance factor within the range established by the Company's Compensation Committee. To the extent awarded, the Performance Stock Units will vest in equal 25% increments on October 28, 2016, October 28, 2017, October 28, 2018, and October 28, 2019.