SEC Form 4 · accession 0001209191-16-095902
HEIDRICK & STRUGGLES INTERNATIONAL INC · HSII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tracy R Wolstencroft
Officer — President and CEO
Period of report
Feb 3, 2016
Accepted (ET)
Feb 5, 2016 · 12:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001066605
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2016 | A | 125,000 | — | A | 133,185 | D | |
| Common Stock | Feb 3, 2016 | F | 56,549 | $24.25 | D | 76,636 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF2,F1,F3 | — | Feb 3, 2016 | M | 125,000 | D | — | — | Common Stock | — | 0 | D |
Explanation of responses
- F1The number of PRSUs awarded to the Reporting Person was determined by dividing the total dollar value of compensation granted to the Reporting Person by the closing price of HSII common stock on the grant date of February 3, 2016.
- F2The PRSUs will vest upon the later of the 2nd anniversary of the date of grant, or specified stock price increases (specifically, 31,250 PRSUs may vest upon the achievement of each price increase at 115%, 130%, 145% and 160%), generally subject to the Reporting Person's continued employment with the Company.
- F3Granted under the Company's Global Share Plan. Each Performance Stock Unit represents a right to receive one share of the Issuer's Common Stock upon vesting.