SEC Form 4 · accession 0001354501-18-000004
Cooper-Standard Holdings Inc. · CPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Simoncini
Director
Period of report
Aug 1, 2018
Accepted (ET)
Aug 1, 2018 · 10:03 am 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,F3 | — | Aug 1, 2018 | A | 712 | A | Aug 1, 2019 | Aug 1, 2019 | Common stock | 712 | 712 | D |
Explanation of responses
- F1These are time-based restricted stock units (RSUs) granted to the reporting person on August 1, 2018, under Cooper-Standard Holdings Inc. 2017 Omnibus Incentive Plan.
- F2The company, in its sole discretion, settles such RSU's by electing either to (i) make an appropriate book entry in the reporting person's name for a number of shares equal to the number of RSU's that have vested or (ii) deliver an amount of cash equal to the fair market value, determined as of the vesting date, of a number of shares equal to the number of RSU's that have vested.
- F3Subject to the reporting person's continued service as a director, these RSU's vest and are no longer subject to forfeiture on the earlier of the first anniversary of the grant date or the date of the first annual shareholders meeting of the company that occurs after the grant date, subject to the director's deferral election, if applicable. 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 events.