SEC Form 4 · accession 0001084961-17-000089
ENCORE CAPITAL GROUP INC · ECPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ashish Masih
Officer — President and CEO
Period of report
Jun 22, 2017
Accepted (ET)
Jun 26, 2017 · 4:43 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 | Jun 22, 2017 | A | 4,716 | $0.00 | A | 89,331 | 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)F2 | $40.50 | Jun 22, 2017 | A | 13,316 | A | — | Jun 22, 2024 | Common Stock | 13,316 | 13,316 | D |
Explanation of responses
- F1Grant to the reporting person on June 22, 2017 of restricted stock units ("RSUs") under the Encore Capital Group, Inc. 2017 Incentive Award Plan. The RSUs are subject to vesting and vest in annual installments over a three-year period, with one-third vesting on June 22, 2018, one-third vesting on June 22, 2019, and the remaining one-third vesting on June 22, 2020.
- F2The option vests and becomes exercisable, if at all, in installments over a three-year period, with one-third vesting on June 22, 2018, one-third vesting on June 22, 2019 and the remaining one-third vesting on June 22, 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 $50.63 per share.