SEC Form 4 · accession 0001101215-16-000293
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 17, 2016
Accepted (ET)
Feb 19, 2016 · 4:05 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 | 512 | $191.10 | D | 31,511 | D | |
| Common StockF2,F3 | Feb 18, 2016 | F | 949 | $198.32 | D | 30,562 | 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) 13,884 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) 363 unvested units from an award of 1,067 time-based restricted stock units granted 2/18/14; (e) 1,968 unvested units from an award of 5,786 performance-based restricted stock units granted 2/18/14; (f) 734 unvested units from an award of 1,095 time-based restricted stock units granted 2/17/15; (g) 2,938 unvested units from an award of 4,384 performance-based restricted stock units granted 2/17/15; (h) 1,434 unvested time-based restricted stock units granted 2/16/16; and (i) 5,736 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 4,384 performance-based restricted stock units granted 2/17/15 were earned. The restrictions will lapse with respect to 1,447 units on 2/17/17 and with respect to 1,491 units on 2/20/18, subject to continued employment by the Reporting Person on the remaining vesting dates.