SEC Form 4 · accession 0001179110-18-005520
JETBLUE AIRWAYS CORP · JBLU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robin Hayes
Officer — CEO and President · Director
Period of report
Apr 6, 2018
Accepted (ET)
Apr 10, 2018 · 2:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001158463
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 6, 2018 | A | 39,916 | $0.00 | A | 465,985 | D | |
| Common StockF2,F3 | Apr 6, 2018 | F | 19,547 | $19.95 | D | 446,438 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of JetBlue Airways Corporation (the Company) common stock earned by, and issued to, the Reporting Person upon vesting of Performance Share Units (2015 PSUs) granted on April 8, 2015, based on an absolute Return on Invested Capital (ROIC) goal and a relative Operating Expenses per Available Seat Mile (CASM) percentage goal, weighted 2/3 for ROIC and 1/3 for relative CASM, for the performance period from January 1, 2015 through December 31, 2017. Following the conclusion of the three year performance period, the Compensation Committee certified to the performance of the Company relative to these goals for the 2015 PSUs at 110%.
- F2Represents shares withheld by the Company for taxes, as permitted by the JetBlue Airways Corporation 2011 Incentive Compensation Plan and related award agreement, to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting and settlement of the 2015 PSUs. There was no open market sale of shares by the Reporting Person.
- F3Closing market price per share of the Company common stock on the settlement date.