SEC Form 4 · accession 0001171843-15-003920
SP Plus Corp · SP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
G Marc Baumann
Officer — President & CEO · Director
Period of report
Jul 16, 2015
Accepted (ET)
Jul 20, 2015 · 7:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001059262
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 16, 2015 | F | 19,194 | $26.2398 | D | 35,149 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 26, 2015, and represents a sale transaction required to satisfy tax-withholding obligations associated with the vesting of restricted stock units.
- F2Includes 5,749 restricted stock units previously granted to the reporting person.
Remarks
On July 16, 2015, the reporting person had 42,000 restricted stock units that vested and were settled in shares of the issuer's common stock. Each restricted stock unit constitutes the right to receive a distribution of one share of common stock. Upon the vesting of these restricted stock units, the reporting person automatically sold, solely for purposes of satisfying the resulting tax-withholding obligations, a number of shares of the issuer's common stock sufficient to enable the reporting person to satisfy such tax-withholding obligations.