SEC Form 4 · accession 0001331471-17-000026
STONERIDGE INC · SRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Sloan
Officer — Vice President
Period of report
Aug 14, 2017
Accepted (ET)
Aug 16, 2017 · 4:04 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 | Aug 14, 2017 | S | 30,000 | $16.30 | D | 34,223 | 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 | 100,355 | 100,355 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The Company Common Shares were sold in multiple transactions on August 14, 2017 at prices ranging from $16.20 per shares to $16.4216 per share. The Reporting Person undertakes to provide Stoneridge, Inc. and the SEC Staff, upon request, full information on the number of shares sold each separate price with that range.
- F2Each Performance Share (unit) was granted to the Reporting Person under the Company's Long-Term Incentive Plan and represents a contingent right to receive one Company Common Share. The Performance Shares were granted to the Reporting Person in 2015, 2016 and 2017 and shall be earned in some cases contingent on continued employment until a date three years from the date of grant and in other cases contingent on the same three year employment condition and on Company performance over a three year period.