SEC Form 4 · accession 0001214659-15-002796
LKQ CORP · LKQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dominick P Zarcone
Officer — Executive VP and CFO
Period of report
Mar 30, 2015
Accepted (ET)
Apr 1, 2015 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065696
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 30, 2015 | A | 120,120 | $0.00 | A | 124,120 | D | |
| Common Stock | Mar 30, 2015 | A | 47,143 | $0.00 | A | 171,263 | D | |
| Common Stock | holding | — | — | — | 1,600 | I | By wife |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transaction represents an award of restricted stock units (RSUs) that vest with respect to (a) 13.33% of the number of RSUs subject to the award on each six-month anniversary of the grant date over the first three years, and (b) 5% of the number of RSUs subject to the award on each six month anniversary thereafter until fully vested.
- F2The transaction represents an award of restricted stock units that are subject to two vesting conditions, each of which must be satisfied: (a) time-based vesting equal to 16.67% of the number of RSUs subject to the award on each six-month anniversary of the grant date; and (b) a performance-based condition of positive fully-diluted earnings per share of the Company (subject to adjustment for certain extraordinary items) for any of the first five fiscal years ending after the grant date. If and when the performance-based condition is met, all RSUs that had previously met the time-based vesting condition will vest immediately and the remaining RSUs will vest according to the remaining schedule of the time-based condition. If the performance-based condition is not met, all RSUs will be forfeited.