SEC Form 4 · accession 0001013025-16-000004
Cooper-Standard Holdings Inc. · CPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn R August
Director · 10% Owner · Other
Period of report
May 19, 2016
Accepted (ET)
May 23, 2016 · 7:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001320461
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | $85.02 | May 19, 2016 | A | 0 | A | May 19, 2017 | May 19, 2017 | Common stock | 0 | 1,256 | D |
Explanation of responses
- F1These are time-based restricted stock units (RSU) that will vest, assuming continued service as a director, on the earlier of the first annual shareholder meeting after the grant date or May 19, 2017. Each RSU represents a contingent right to receive, at the issuer's option, either one share of common stock or the cash equivalent upon satisfaction of the vesting requirements. Pursuant to a Settlement Deferral Election executed by the Reporting Person, units will be payable in common stock on the date the Reporting Person ceases to be a member of the Board of Directors.
- F2Pursuant to the policies of Oak Hill Advisors, L.P. (the "Advisors"), the restricted stock units received by the reporting person are held for the benefit of certain clients of Advisor.
Remarks
Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), the Reporting Person is a beneficial owner of certain securities of the Issuer to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that the Reporting Person is or was, for the purposes of Section 16 of the Act of otherwise, a beneficial owner of any securities of the Issuer, and such beneficial ownership is and was expressly disclaimed by the Reporting Person, in each case except to the extent of his pecuniary interests.