SEC Form 4 · accession 0001171843-19-001532
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
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 8:42 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 | Mar 1, 2019 | A | 4,687 | $34.40 | A | 28,290 | D | |
| Common StockF2,F3 | Mar 5, 2019 | F | 1,810 | $33.9059 | D | 26,480 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The acquisition of shares of SP Plus Corporation common stock represents the vesting of performance share units (PSUs) previously awarded to the reporting person on January 1, 2016 under the SP Plus Long-Term Incentive Plan. The PSUs were earned on March 1, 2019, and settled in shares of SP Plus common stock on a one-for-one basis. The PSUs vested solely upon achievement of a pre-established performance goal 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 obligation, a number of shares of SP Plus common stock sufficient to enable the reporting person to satisfy such tax-withholding obligation.
- F3Includes 15,496 restricted stock units previously granted to the reporting person.