SEC Form 4 · accession 0001084961-17-000037
ENCORE CAPITAL GROUP INC · ECPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan C Clark
Officer — Executive VP, CFO & Treasurer
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 7:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084961
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 9, 2017 | A | 15,347 | $0.00 | A | 69,128 | D | |
| Common Stock | Mar 9, 2017 | F | 3,770 | $30.95 | D | 65,358 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $30.95 | Mar 9, 2017 | A | 41,617 | A | — | Mar 9, 2024 | Common Stock | 41,617 | 41,617 | D |
Explanation of responses
- F1Grant to the reporting person on March 9, 2017 of restricted stock awards ("RSAs") under the Encore Capital Group, Inc. 2013 Incentive Compensation Plan. The RSAs are subject to vesting and vest in annual installments over a three-year period, with one-third vesting on March 9, 2018, one-third vesting on March 9, 2019, and the remaining one-third vesting on March 9, 2020.
- F2Disposal relates to the withholding of securities for the payment of the tax liability incident to the vesting of stock awards.
- F3The option vests and becomes exercisable, if at all, in installments over a three-year period, with one-third vesting on March 9, 2018, one-third vesting on March 9, 2019 and the remaining one-third vesting on March 9, 2020, but only if and when the 20 trading day average of the NASDAQ-reported closing price per share of the Company's common stock (subject to certain adjustments) exceeds $38.6875 per share.