SEC Form 4 · accession 0001668455-17-000007
WADDELL & REED FINANCIAL INC · WDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin R Clouse
Officer — VP and Chief Acct. Officer
Period of report
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 5:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001052100
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A CommonF1 | Aug 7, 2017 | S | 5,903 | $20.0138 | D | 8,327 | I | By spouse |
| Class A Common | holding | — | — | — | 25,845 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | holding | — | — | — | — | — | Class A Common Stock | 1,299 | 1,299 | I |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $20.0101 to $20.015, inclusive. The reporting person undertakes to provide to Waddell & Reed Financial, Inc. ("WDR"), any stockholder of WDR or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 1.
- F2Each restricted stock unit represents a contingent right to a cash payment equal to the fair market value on the vesting date of one share of Issuer's Class A Common Stock.
- F3The restricted stock units vest in four equal installments beginning January 10, 2018.