SEC Form 4 · accession 0001101215-16-000284
BREAD FINANCIAL HOLDINGS, INC. · BFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles L Horn
Officer — EVP & Chief Financial Officer
Period of report
Feb 16, 2016
Accepted (ET)
Feb 17, 2016 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001101215
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 16, 2016 | A | 1,434 | — | A | 26,287 | D | |
| Common StockF2,F3 | Feb 16, 2016 | A | 5,736 | — | A | 32,023 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The new grant is for 1,434 shares of common stock represented by time-based restricted stock units. The restrictions will lapse on 474 units on each of 2/16/17 and 2/16/18 and on 486 units on 2/19/19, subject to continued employment by the Reporting Person on the vesting dates.
- F2The new grant is for 5,736 shares of common stock represented by performance-based restricted stock units, which may be adjusted up or down at the time the performance restriction lapses. The restriction may lapse with respect to 33% of such shares on each of 2/16/17 and 2/16/18 and with respect to 34% of such shares on 2/19/19 contingent on meeting an EBT metric for 2016 and subject to continued employment by the Reporting Person on the vesting dates.
- F3The total number of securities beneficially owned includes: (a) 11,277 unrestricted shares; (b) 533 unvested units from an award of 1,565 time-based restricted stock units granted 2/21/13; (c) 2,972 unvested units from an award of 8,737 performance-based restricted stock units granted 2/21/13; (d) 715 unvested units from an award of 1,067 time-based restricted stock units granted 2/18/14; (e) 3,877 unvested units from an award of 5,786 performance-based restricted stock units granted 2/18/14; (f) 1,095 unvested time-based restricted stock units granted 2/17/15; (g) 4,384 unvested performance-based restricted stock units granted 2/17/15; (h) the new grant for 1,434 time-based restricted stock units; and (i) the new grant for 5,736 performance-based restricted stock units.