SEC Form 4 · accession 0001230245-16-000245
PIPER SANDLER COMPANIES · PIPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Fitzgerald
Director
Period of report
May 4, 2016
Accepted (ET)
May 6, 2016 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001230245
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 4, 2016 | A | 1,803 | — | A | 9,281 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person elected to defer receipt of an annual equity grant of 1,803 shares of common stock resulting in an accrual to his account of 1,803 shares of phantom stock. The shares of phantom stock become payable, in common stock, on the last day of the year in which the reporting person's service as a director terminates.
- F2Includes 3,252 shares of phantom stock that were previously payable in cash which were reported as derivative securities in Table II, but are being reported in Table I because they are now payable in common stock on the last day of the year in which the reporting person's service as a director terminates.