SEC Form 4 · accession 0001206264-18-000050
SOMNIGROUP INTERNATIONAL INC. · SGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bhaskar Rao
Officer — EVP & Chief Financial Officer
Period of report
Mar 5, 2018
Accepted (ET)
Mar 7, 2018 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001206264
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 5, 2018 | M | 720 | — | A | 11,928 | D | |
| Common Stock | Mar 5, 2018 | F | 316 | $49.99 | D | 11,612 | 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 UnitsF2,F3 | — | Mar 5, 2018 | A | 2,878 | A | — | — | Common Stock | 2,878 | 2,878 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 5, 2018 | M | 720 | D | — | — | Common Stock | 720 | 2,158 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Each restricted stock unit represents a contingent right to receive one share of Tempur Sealy International, Inc. common stock.
- F3On January 5, 2017, the reporting person was granted 2,878 restricted stock units subject to a performance condition, vesting in four annual installments beginning on the first anniversary of the grant date. On March 5, 2018, the Compensation Committee of the Board of Directors determined that the performance condition had been satisfied, and the award became subject only to time vesting restrictions.
Remarks
Ex. 24 Power of Attorney