SEC Form 4 · accession 0000899243-18-002378
FreightCar America, Inc. · RAIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore W. Baun
Officer — Chief Commercial Officer
Period of report
Jan 30, 2018
Accepted (ET)
Jan 31, 2018 · 3:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001320854
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 30, 2018 | F | 1,327 | $16.655 | D | 20,528 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $16.66 | holding | — | — | — | — | Jan 12, 2028 | Common stock | 57,794 | 57,794 | D |
| Employee Stock Option (right to buy)F3 | $16.66 | holding | — | — | — | — | Jan 12, 2028 | Common stock | 16,182 | 16,182 | D |
| Employee Stock Option (right to buy)F4 | $25.55 | holding | — | — | — | — | Jan 15, 2024 | Common stock | 14,575 | 14,575 | D |
| Employee Stock Option (right to buy)F5 | $24.56 | holding | — | — | — | — | Jan 18, 2023 | Common stock | 8,300 | 8,300 | D |
| Employee Stock Option (right to buy)F6 | $23.40 | holding | — | — | — | — | Jan 12, 2022 | Common stock | 16,400 | 16,400 | D |
| Employee Stock Option (right to buy)F7 | $29.88 | holding | — | — | — | — | Jan 13, 2021 | Common stock | 10,600 | 10,600 | D |
| Employee Stock Option (right to buy)F8 | $20.69 | holding | — | — | — | — | Feb 23, 2020 | Common stock | 7,250 | 7,250 | D |
| Employee Stock Option (right to buy)F9 | $17.84 | holding | — | — | — | — | May 12, 2019 | Common stock | 1,000 | 1,000 | D |
| Performance sharesF10,F11 | — | holding | — | — | — | — | — | Common stock | 5,108 | 5,108 | D |
| Performance sharesF12,F13 | — | holding | — | — | — | — | — | Common stock | 5,800 | 5,800 | D |
Explanation of responses
- F1Represents the exercise of a tax withholding right in connection with the vesting of 3,527 restricted shares that were issued in an exempt issuance pursuant to Rule 16b-3 under the Issuer's 2005 Long Term Incentive Plan.
- F10Each performance share represents the right to receive, at settlement, one share of common stock subject to the Issuer's achievement of performance goals.
- F11Vesting of these performance shares depends on the Issuer's annual return on invested capital and basic earnings per share from January 1, 2016 through December 31, 2018. The target number of performance shares is reported. Between 0% and 200% of the target number of shares may vest on December 31, 2018, with the vesting percentage determined based on actual performance.
- F12Each performance share represents the right to receive, at settlement, one share of common stock subject to the Issuer's achievement of performance goals.
- F13Vesting of these performance shares depends on the Issuer's annual return on invested capital and basic earnings per share from January 1, 2017 through December 31, 2019. The target number of performance shares is reported. Between 0% and 200% of the target number of shares may vest on December 31, 2019, with the vesting percentage determined based on actual performance.
- F2The options vest and become exercisable based on a trailing 90-consecutive calendar day average closing price of one share of the Issuer's common stock (the "Stock Price") in the following proportions, provided the option holder remains continuously employed by the Issuer until the applicable vesting date: 34% of the shares subject to the option vest on the date the Stock Price is equal to or greater than $5.00 per share above the exercise price, an additional 33% of the shares subject to the option vest on the date the Stock Price is equal to or greater than $10.00 per share above the exercise price and the final 33% of the shares subject to the option vest on the date the Stock Price is equal to or greater than $15.00 per share above the exercise price.
- F3On January 12, 2018 the recipient was granted 16,182 options which will vest in three equal annual installments beginning on January 12, 2019.
- F4On January 15, 2014 the recipient was granted 14,575 options which are fully vested and currently exercisable.
- F5On January 18, 2013, the recipient was granted 8,300 options which are fully vested and currently exercisable.
- F6On January 12, 2012, the recipient was granted 16,400 options which are fully vested and currently exercisable.
- F7On January 13, 2011, the recipient was granted 10,600 options which are fully vested and currently exercisable.
- F8On February 23, 2010, the recipient was granted 7,250 options which are fully vested and currently exercisable.
- F9On May 12, 2009, the recipient was granted 1,000 options which are fully vested and currently exercisable.