SEC Form 4 · accession 0001299709-18-000144
Axos Financial, Inc. · AX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derrick Walsh
Officer — SVP, Chief Accounting Officer
Period of report
Dec 19, 2018
Accepted (ET)
Dec 20, 2018 · 7:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001299709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 19, 2018 | M | 870 | $25.41 | A | 9,727 | D | |
| Common StockF1,F2 | Dec 19, 2018 | F | 423 | $25.41 | D | 9,304 | D | |
| Common Stock | holding | — | — | — | 1,045 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | $0.00 | Dec 19, 2018 | M | 870 | D | — | — | Common Stock | 870 | 8,164 | D |
Explanation of responses
- F1Represents shares of Common Stock issued on December 19, 2018 following the vesting of Restricted Stock Units ("RSUs") which vest one-third each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan.
- F2Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
- F3The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
- F4The RSUs vest over three years, one-third on each anniversary date of grant.