SEC Form 4 · accession 0001331471-16-000062
STONERIDGE INC · SRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A Beaver
Officer — Vice President - Global Sales
Period of report
Sep 8, 2016
Accepted (ET)
Sep 9, 2016 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001043337
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, without par valueF1 | Sep 8, 2016 | S | 33,000 | $18.30 | D | 85,667 | D | |
| Common Shares, without par valueF1 | Sep 9, 2016 | S | 7,000 | $18.02 | D | 78,667 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF2 | — | holding | — | — | — | — | — | Common Shares, without par value | 120,875 | 120,875 | D |
Explanation of responses
- F1The Price Reported in Column 4 is a weighted average price. The shares were sold in multiple transactions on September 8, 2016 and September 9, 2016 at prices on September 8, 2016 ranging from $18.16/share to $18.365/share and at prices on September 9, 2016 ranging from $18/share to $18.08/share. The Reporting Person undertakes to provide Stoneridge, Inc. and the SEC Staff, upon request, full information on the number of shares sold at each separate price within the ranges.
- F2Each Performance Share (unit) represents a contingent right to receive one Company Common Share. The Performance Shares were granted to the Reporting Person under the Company's Long-Term Incentive Plan in 2014, 2015 and 2016 and vest depending on continued employment, and in some cases also depending on Company performance, in 2017, 2018 and 2019.