SEC Form 4 · accession 0001209191-16-100612
RED HAT INC · RHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Cormier
Officer — EVP, Products & Technologies
Period of report
Feb 18, 2016
Accepted (ET)
Feb 19, 2016 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001087423
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 18, 2016 | M | 40,392 | $0.00 | A | 218,578 | D | |
| Common Stock | Feb 18, 2016 | F | 17,489 | $65.35 | D | 201,089 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF3 | $0.00 | Feb 18, 2016 | M | 40,392 | D | — | — | Common Stock | 40,392 | 40,392 | D |
Explanation of responses
- F1Represents the number of shares earned by the reporting person in connection with the achievement of the performance objective under the Performance Share Unit Agreement between the reporting person and the Company dated August 6, 2014.
- F2Represents shares withheld from the reporting person to satisfy reporting person's tax obligations relating to the vesting.
- F3Performance share unit award's vesting is subject to the achievement of a performance objective relating to a significant increase in total shareholder return. Subject to continued service, (i) 50% of the award vests upon achievement of the performance objective and (ii) the remaining 50% vests on August 6, 2018.