SEC Form 4 · accession 0001309108-15-000054
WEX Inc. · WEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Alan Elder
Officer — SVP & Chief Financial Officer
Period of report
Mar 15, 2015
Accepted (ET)
Mar 17, 2015 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001309108
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 15, 2015 | M | 681 | $0.00 | A | 9,069 | D | |
| Common Stock | Mar 15, 2015 | F | 221 | $103.75 | D | 8,848 | D | |
| Common Stock | Mar 15, 2015 | M | 939 | $0.00 | A | 9,787 | D | |
| Common Stock | Mar 15, 2015 | F | 304 | $103.75 | D | 9,483 | D | |
| Common Stock | Mar 15, 2015 | M | 651 | $0.00 | A | 10,134 | D | |
| Common Stock | Mar 15, 2015 | F | 211 | $103.75 | D | 9,923 | D | |
| Common Stock | Mar 15, 2015 | M | 1,112 | $0.00 | A | 11,035 | D | |
| Common Stock | Mar 15, 2015 | F | 360 | $103.75 | D | 10,675 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Mar 15, 2015 | M | 681 | D | — | — | Common Stock | 681 | 1,364 | D |
| Restricted Stock UnitsF1 | $0.00 | Mar 15, 2015 | M | 939 | D | — | — | Common Stock | 939 | 1,882 | D |
| Restricted Stock UnitF1,F2 | $0.00 | Mar 15, 2015 | M | 651 | D | — | — | Common Stock | 651 | 1,303 | D |
| Restricted Stock UnitF1 | $0.00 | Mar 15, 2015 | M | 1,112 | D | — | — | Common Stock | 1,112 | 2,230 | D |
| Restricted Stock UnitsF3 | $0.00 | Mar 15, 2015 | A | 386 | A | — | — | Common Stock | 386 | 386 | D |
| Stock Option (right to buy)F4 | $103.75 | Mar 15, 2015 | A | 1,171 | A | — | Mar 15, 2025 | Common Stock | 1,171 | 1,171 | D |
Explanation of responses
- F1RSUs vested on 3/15/2015 and each RSU converted into one share of common stock.
- F2The total number of RSUs granted on March 15, 2014 were incorrectly reported on the Form 4 filed on 03/18/2014 as 1,995. The correct number of RSUs granted was 1,953, out of which 1/3rd (651) are vesting on March 15, 2015.
- F3RSUs vest with respect to one third of these units on each of 3/15/2016, 3/15/2017 and 3/15/2018.
- F4This stock option will vest with respect to one third of these shares on each of 3/15/2016, 3/15/2017 and 3/15/2018.