SEC Form 4 · accession 0001331471-18-000024
STONERIDGE INC · SRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J. Hartman Jr.
Officer — Chief Accounting Officer
Period of report
May 8, 2018
Accepted (ET)
May 8, 2018 · 3:26 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 | May 8, 2018 | S | 6,393 | $27.8585 | D | 37,281 | 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 | 18,120 | 18,120 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions on May 8, 2018 at prices ranging from $27.85 to $27.90 per 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 price within the range.
- F2Each Performance Share 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 2016, 2017 and 2018 and will be earned (vest) three years after the date of grant contingent either (i) on continued employment until the third anniversary of the grant date, or (ii) on continued employment until the third anniversary of the grant date and the Company's performance over the applicable three year performance period.