SEC Form 4 · accession 0001101215-16-000292
BREAD FINANCIAL HOLDINGS, INC. · BFH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward J Heffernan
Officer — President and CEO · Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 4:04 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 Stock | Feb 17, 2016 | F | 2,640 | $191.10 | D | 243,990 | D | |
| Common StockF2,F3 | Feb 18, 2016 | F | 3,335 | $198.32 | D | 240,655 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares withheld by the Company to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
- F2The total number of securities beneficially owned includes: (a) 182,099 unrestricted shares; (b) 1,893 unvested units from an award of 5,567 time-based restricted stock units granted 2/21/13; (c) 10,564 unvested units from an award of 31,068 performance-based restricted stock units granted 2/21/13; (d) 1,276 unvested units from an award of 3,751 time-based restricted stock units granted 2/18/14; (e) 6,914 unvested units from an award of 20,333 performance-based restricted stock units granted 2/18/14; (f) 2,556 unvested units from an award of 3,814 time-based restricted stock units granted 2/17/15; (g) 10,223 unvested units from an award of 15,257 performance-based restricted stock units granted 2/17/15; (h) 5,026 unvested time-based restricted stock units granted 2/16/16; and (i) 20,104 unvested performance-based restricted stock units granted 2/16/16.
- F3Based on the Company's EBT performance in 2015, 100% of the original award of 15,257 performance-based restricted stock units granted 2/17/15 were earned. The restrictions will lapse with respect to 5,035 units on 2/17/17 and with respect to 5,188 units on 2/20/18, subject to continued employment by the Reporting Person on the remaining vesting dates.