SEC Form 4 · accession 0000892712-16-001541

SCHOOL SPECIALTY INC · SCOO

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

Reporting owner

Officer — President and CEO · Director

Period of report

Mar 23, 2016

Accepted (ET)

Mar 25, 2016 · 4:02 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001055454

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Mar 23, 2016	A	16,304	A	—	Mar 23, 2019	Common Stock	16,304	16,304	D

F1The restricted stock units ("RSUs") will vest on the third anniversary of the date of grant based on the 15 day volume weighted average price of the Company's common stock ("15 Day VWAP") on the vesting date. The percentage of RSUs that will vest on the vesting date is as follows: 0% of total RSUs at a 15 day VWAP of less than $108.00; 20% of total RSUs at a 15 Day VWAP of at least $108.00 but less than $118.00; 40% of total RSUs at a 15 day VWAP of at least $118.00 but less than $128.00; 60% of total RSUs at a 15 day VWAP of at least $128.00 but less than $138.00; 80% of total RSUs at a 15 day VWAP of at least $138.00 but less than $148.00; and 100% of total RSUs at a 15 day VWAP of at least $148.00. Any RSUs that vest will be settled in shares of common stock on a 1-for-1 basis.
F2In the event of a change in control prior to the three year anniversary of the date of grant, the RSUs will vest in accordance with the schedule above substituting the change in control price for the 15 Day VWAP.