SEC Form 4 · accession 0001171843-18-007196
SP Plus Corp · SP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vance Cushman Johnston
Officer — EVP, CFO, Treasurer
Period of report
Oct 22, 2018
Accepted (ET)
Oct 24, 2018 · 7:42 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,F3 | Oct 22, 2018 | A | 4,662 | $32.31 | A | 17,068 | D | |
| Common StockF2,F3 | Oct 24, 2018 | F | 1,443 | $30.6892 | D | 15,625 | 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 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 that were issued to the reporting person on October 22, 2018. 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 7,518 restricted stock units previously granted to the reporting person.