SEC Form 4 · accession 0001209191-15-043328
EnerSys · ENS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kerry M Kane
Officer — VP, Corporate Controller & PAO
Period of report
May 12, 2015
Accepted (ET)
May 15, 2015 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001289308
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 12, 2015 | A | 3,750 | $0.00 | A | 20,515 | D | |
| Common StockF3,F2 | May 12, 2015 | A | 1,095 | $0.00 | A | 21,610 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were granted as performance market share units and vest one-hundred percent on May 12, 2018, subject to acceleration and cancellation upon the occurrence of certain events. Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on the third anniversary of the date of grant and the ratio referenced in the following sentence. The payout factor is determined by reference to a ratio of (x)(i) the 90-day average closing price on the vesting date plus an amount equal to reinvested cash dividends during the period between the date of grant and the vesting date, less (ii) the 90-day average closing price on the date of grant, divided by (y) the 90-day average closing price on the date of grant. These shares represent the market share units granted, assuming the payout factor of 100%. The maximum payout factor is 200%.
- F2This grant was made after markets had closed.
- F3These shares were granted as restricted stock units that vest twenty-five percent on each of May 12, 2016, May 12, 2017, May 12, 2018, and May 12, 2019, subject to acceleration or forfeiture in certain specified circumstances.