SEC Form 4 · accession 0001331471-18-000026
STONERIDGE INC · SRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan B DeGaynor
Officer — President and CEO · Director
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 2:36 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 15, 2018 | S | 25,000 | $29.7424 | D | 79,122 | D | |
| Common Shares, without par valueF1 | May 16, 2018 | S | 5,000 | $30.7087 | A | 74,122 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Shares/Share UnitsF2 | — | holding | — | — | — | — | — | Common Shares, without par value | 238,330 | 238,330 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The common shares were sold in multiple transactions on May 15, 2018 at prices per share ranging from $29.52 to $29.8484 and on May 16, 2018 at prices per share ranging from $30.5401 to $30.8245. The Reporting Person undertakes to provide Stoneridge, Inc. and the SEC staff, upon request, full information on the number of common shares sold at each price within the ranges.
- F2Performance Shares/Share Units were granted to the Reporting Person under the Company's Long-Term Incentive Plan in 2016, 2017 and 2018. Share Units are time-based awards and are paid on a one-for-one basis in Company common shares on the third anniversary of the date of grant if the Reporting Person remains employed by the Company on that date. Performance Shares are time-based and Company performance-based and are also paid, if earned, on a one-for-one basis in Company common shares (i) if the Reporting Person remains employed by the Company on that date, and (ii) depending on Company performance over a three year performance period.