SEC Form 4 · accession 0001179110-15-012976
HOSPIRA INC · HSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Hoffman
Officer — CVP, Controller & CAO
Period of report
Sep 3, 2015
Accepted (ET)
Sep 3, 2015 · 11:49 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 | 4,826 | $0.00 | A | 39,557 | D | |
| Common Stock | Sep 3, 2015 | M | 8,446 | $49.64 | A | 48,003 | D | |
| Common Stock | Sep 3, 2015 | M | 8,133 | $52.61 | A | 56,136 | D | |
| Common Stock | Sep 3, 2015 | M | 24,950 | $35.36 | A | 81,086 | D | |
| Common Stock | Sep 3, 2015 | M | 30,488 | $28.95 | A | 111,574 | D | |
| Common Stock | Sep 3, 2015 | M | 22,222 | $42.70 | A | 133,796 | D | |
| Common Stock | Sep 3, 2015 | D | 133,796 | $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 Option (right to buy)F2 | $49.64 | Sep 3, 2015 | M | 8,446 | D | — | Feb 10, 2017 | Common Stock | 8,446 | 0 | D |
| Stock Option (right to buy)F3 | $52.61 | Sep 3, 2015 | M | 8,133 | D | — | Feb 23, 2018 | Common Stock | 8,133 | 0 | D |
| Stock Option (right to buy)F4 | $35.36 | Sep 3, 2015 | M | 24,950 | D | — | Feb 28, 2019 | Common Stock | 24,950 | 0 | D |
| Stock Option (right to buy)F5 | $28.95 | Sep 3, 2015 | M | 30,488 | D | — | Feb 26, 2020 | Common Stock | 30,488 | 0 | D |
| Stock Option (right to buy)F6 | $42.70 | Sep 3, 2015 | M | 22,222 | D | — | Feb 25, 2021 | Common Stock | 22,222 | 0 | D |
Explanation of responses
- F1Vesting of a performance-contingent restricted stock units award granted February 27, 2013. The units were earned when Hospira's stock price appreciated 20% over the fair market value on the date of grant, and maintained that price for a 30 consecutive trading day period (based on Hospira's closing market price on those 30 consecutive days). Since the units were earned, the award provided for three-year time based cliff vesting, or upon a change of control. Thus, vesting of the units was accelerated upon a change of control.
- F2Exercise of stock options granted on 2/11/2010, which vested in three equal installments on February 11, 2011, 2012 and 2013.
- F3Exercise of stock options granted on 2/24/2011, which vested in four equal installments on February 24, 2012, 2013, 2014 and 2015
- F4Exercise of stock options granted on 3/1/2012, which vest in four equal installments on March 1, 2013, 2014, 2015, and 2016. The vesting of the last tranche of options was accelerated in connection with the change of control.
- F5Exercise of stock options granted on 2/27/2013, which vest in four annual installments on February 27, 2014, 2015, 2016 and 2017. The vesting of the last two tranches of options was accelerated in connection with the change of control.
- F6Exercise of stock options granted on 2/26/2014, which vest in four annual installments on February 26, 2015, 2016, 2017 and 2018. The vesting of the last three tranches of options was accelerated in connection with the change of control.