SEC Form 4 · accession 0001171843-18-001625
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
Feb 26, 2018
Accepted (ET)
Mar 1, 2018 · 7:21 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,F4 | Feb 26, 2018 | A | 12,432 | $36.00 | A | 48,111 | D | |
| Common StockF2,F3,F4 | Feb 27, 2018 | F | 5,546 | $35.5999 | D | 42,565 | 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 April 9, 2015, and made effective as of January 1, 2015, under the SP Plus Corporation Long-Term Incentive Plan. The PSUs were earned on February 26, 2018, 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.
- F3These shares of SP Plus common stock were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 28, 2017.
- F4The reporting person holds the shares in an account with his spouse as joint tenants with rights of survivorship.