SEC Form 4 · accession 0001171843-17-001251
SP Plus Corp · SP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hector O Chevalier
Officer — Executive Vice President
Period of report
Feb 23, 2017
Accepted (ET)
Mar 1, 2017 · 7:56 pm EST
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,F3 | Feb 23, 2017 | A | 4,843 | $31.40 | A | 23,044 | D | |
| Common StockF2,F3 | Feb 27, 2017 | F | 1,929 | $31.3328 | D | 21,115 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The acquisition of shares of SP Plus common stock represents the vesting of performance share units (PSUs) previously awarded to the reporting person on September 30, 2014, and made effective as of January 1, 2014, under the SP Plus Corporation Long-Term Incentive Plan. The PSUs were earned on February 23, 2017, and settled in shares of SP Plus common stock on a one-for-one basis. The PSUs vested solely upon achievement of pre-established performance targets for SP Plus's adjusted pre-tax free cash flow over a three-year performance period.
- F2Upon acquisition of the PSUs, the reporting person automatically sold, solely for purposes of satisfying the resulting tax-withholding obligations, a number of shares of SP Plus common stock sufficient to enable the reporting person to satisfy such tax-withholding obligations.
- F3Includes 18,201 restricted stock units previously granted to the reporting person.