SEC Form 4 · accession 0001331471-18-000025

STONERIDGE INC · SRI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Vice President of Operations

Period of report

May 10, 2018

Accepted (ET)

May 11, 2018 · 1:24 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 value^F1	May 10, 2018	M	6,793	—	A	6,793	D
Common Shares, without par value	May 10, 2018	F	2,061	$28.98	D	4,732	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Share Units^F2,F1	—	May 10, 2018	M	6,793	D	—	—	Common Shares, without par value	6,793	55,395	D

F1In May 2016 the Reporting Person was granted share units (sometimes called performance shares) under the Company's LTIP. The May 2016 share units, which are contingent on continued employment through the second anniversary of the date of grant, once earned are payable in common shares on a one-for-one basis. The May 2106 grant was earned (vested) on May 10, 2018 on paid in common shares.
F2This amount represents grants made to the Reporting Person under the Company's Long-Term Incentive Plan in 2016, 2017 and 2018 of either (i) share units, which are time-based, and paid on a one-for-one basis in common shares on the third anniversary from the date of grant if the Reporting Person is still then employed by the Company, and (ii) performance shares, which are time-based and Company performance-based, and are also paid, if earned, on a one-for-one basis in common shares on the third anniversary from the date of grant if the Reporting Person is still then employed by the Company and based on the Company's performance over a three year performance period.