SEC Form 4 · accession 0001166003-18-000043
XPO, Inc. · XPO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth R Wagers III
Officer — Chief Operating Officer
Period of report
Apr 23, 2018
Accepted (ET)
Apr 24, 2018 · 7:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001166003
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Apr 23, 2018 | A | 105,000 | A | — | — | Common Stock, par value $0.001 per share | 105,000 | 105,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
- F2The RSUs vest in ten annual installments of 10,500 shares each, beginning on April 23, 2019 and continuing on the next nine anniversaries thereof, subject to the Reporting Person's continued employment with the Issuer.