SEC Form 4 · accession 0001179110-15-012965
HOSPIRA INC · HSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J. Endicott
Officer — Pres., Hospira Medical Devices
Period of report
Sep 3, 2015
Accepted (ET)
Sep 3, 2015 · 11:32 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001274057
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 3, 2015 | A | 15,196 | $0.00 | A | 132,697 | D | |
| Common Stock | Sep 3, 2015 | M | 72,971 | $43.01 | A | 205,668 | D | |
| Common Stock | Sep 3, 2015 | D | 205,668 | $90.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F2 | $43.01 | Sep 3, 2015 | M | 72,971 | D | — | Mar 30, 2021 | Common Stock | 72,971 | 0 | D |
Explanation of responses
- F1Vesting of performance share units for the 2014-2016 performance cycle. The award provided for vesting based on achievement of total shareholder return over a three year performance period relative to the performance of a pre-established peer group, or upon a change of control. Thus, the units vested on September 3, 2015.
- F2Exercise of stock options granted on March 31, 2014, vest in four equal annual installments on March 31, 2015, 2016, 2017 and 2018. The vesting of the last three tranches of options was accelerated in connection with the change of control.