SEC Form 4 · accession 0001214659-16-012022
LKQ CORP · LKQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew J McKay
Officer — SVP of Human Resources
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 4:00 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 | Jun 1, 2016 | A | 1,512 | $0.00 | A | 25,088 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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 restricted stock units subject to the award on July 14, 2016 and on each six-month anniversary of July 14, 2016; 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 restricted stock units that had previously met the time-based vesting condition will vest immediately and the remaining restricted stock units will vest according to the remaining schedule of the time-based condition. If the performance-based condition is not met, all restricted stock units will be forfeited.