SEC Form 4 · accession 0001179110-19-002735
JETBLUE AIRWAYS CORP · JBLU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Easwaran Sundaram
Officer — Chief Digital&Tech Officer
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 6:22 pm EST
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 | Feb 25, 2019 | M | 5,705 | — | A | 91,401 | D | |
| Common StockF6 | Feb 25, 2019 | D | 1,938 | $17.22 | D | 89,463 | D | |
| Common StockF1 | Feb 25, 2019 | M | 6,813 | — | A | 96,276 | D | |
| Common StockF6 | Feb 25, 2019 | F | 2,315 | $17.22 | D | 93,961 | D | |
| Common StockF1 | Feb 25, 2019 | M | 5,595 | — | A | 99,556 | D | |
| Common StockF6 | Feb 25, 2019 | F | 1,901 | $17.22 | D | 97,655 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 25, 2019 | A | 23,188 | A | — | — | Common Stock | 23,188 | 59,305 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 25, 2019 | M | 5,705 | D | — | — | Common Stock | 5,705 | 53,600 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 25, 2019 | M | 6,813 | D | — | — | Common Stock | 6,813 | 46,787 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 25, 2019 | M | 5,595 | D | — | — | Common Stock | 5,595 | 41,192 | D |
Explanation of responses
- F1Upon vesting, Reporting Person is entitled to receive one share of common stock for each restricted stock unit.
- F2The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of February 25, 2019.
- F3The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of February 22, 2018.
- F4The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of February 24, 2017.
- F5The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of February 24, 2016.
- F6These shares were automatically withheld and returned to JetBlue to cover tax obligations upon RSU vesting, in accordance with JetBlue policy for RSU vesting of RSU eligible employees in the United States.