SEC Form 4 · accession 0001225208-15-012338
Edwards Lifesciences Corp · EW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald E Bobo Jr.
Officer — CVP, Heart Valve Therapy
Period of report
May 14, 2015
Accepted (ET)
May 18, 2015 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001099800
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 14, 2015 | A | 2,225 | $0.00 | A | 21,439 | D | |
| Common StockF3 | holding | — | — | — | 6,097 | I | 401(k) |
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 Acquire)F4 | $130.56 | May 14, 2015 | A | 22,100 | A | May 14, 2016 | May 13, 2022 | Common Stock | 22,100 | 22,100 | D |
| Performance RightsF5,F2 | — | May 14, 2015 | A | 2,775 | A | — | May 31, 2018 | Common Stock | 2,775 | 2,775 | D |
Explanation of responses
- F1These restricted stock units were granted on May 14, 2015 under the Edwards Lifesciences Corporation Long-Term Stock Incentive Compensation Program and are scheduled to become 50% vested three years after the grant date and 50% vested four years after the grant date.
- F2This Form 4 reflects changes in beneficial ownership only; it does not identify other securities of the Issuer beneficially owned by the reporting person.
- F3Shares represented on the most recent statement of the 401(k) Plan Administrator where a unitized accounting procedure is utilized to convert the equities to share equivalents.
- F4These options were granted on May 14, 2015 under the Edwards Lifesciences Corporation Long-Term Stock Incentive Compensation Program and are scheduled to become vested and exercisable commencing one year after the grant date in four equal annual installments.
- F5Reflects the target number of shares (the Target Award) covered by restricted stock units granted on May 14, 2015 and scheduled to vest on May 14, 2018. The number of restricted stock units that vest will depend upon achievement of certain performance goals over a three-year performance period and will range from zero percent (0%) of the Target Award to one hundred seventy five percent (175%) of the Target Award.