SEC Form 4 · accession 0001140361-15-037646
WD 40 CO · WDFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Garry O Ridge
Officer — President & CEO · Director
Period of report
Oct 12, 2015
Accepted (ET)
Oct 14, 2015 · 6:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000105132
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 12, 2015 | A | 4,418 | — | A | 82,434 | D | |
| Common StockF2 | Oct 12, 2015 | A | 4,418 | — | A | 86,852 | D | |
| Common StockF3,F4 | Oct 12, 2015 | A | 6,373 | — | A | 93,225 | D | |
| Common StockF5 | holding | — | — | — | 12,400 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F14,418 Restricted Stock Units (Common Stock equivalents) were granted pursuant to the WD-40 Company 2007 Stock Incentive Plan. The Restricted Stock Units (RSUs) will be settled solely with Issuer Common Stock upon an annual vesting schedule as provided for in the Award Agreement for the RSUs as follows: 34% not later than November 15, 2016, 33% not later than November 15, 2017, and 33% not later than November 15, 2018.
- F24,418 Market Share Units (Common Stock equivalents) were granted pursuant to the 2007 Stock Incentive Plan. The Market Share Units (MSUs) will be settled solely with Issuer Common Stock upon performance vesting as provided for in the Award Agreement for the MSUs following a 3-year performance measurement period.
- F3Acquisition of Market Share Units (Common Stock equivalents) upon certified performance vesting of Market Share Units (MSUs) awarded to the reporting person on October 25, 2012. A total of 12,746 vested shares will be issued to the reporting person pursuant to the MSU Award Agreement, subject to withholding for taxes.
- F4Total includes 1,210.494 shares held in WD-40 Company Profit Sharing Plan (Company Stock Fund) account. Total also includes 20,186 Restricted Stock Units, of which 14,302 are subject to future vesting and 26,500 Market Share Units, of which 13,754 are subject to future vesting.
- F5The reporting person disclaims beneficial ownership of these shares and this report of indirect beneficial ownership shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of such shares.