SEC Form 4 · accession 0001593968-18-000741
RBC Bearings INC · RBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest D Hawkins
Officer — Vice President of Finance
Period of report
May 5, 2018
Accepted (ET)
May 8, 2018 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001324948
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | May 5, 2018 | F | 70 | $114.98 | D | 2,917 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock
- F21,600 shares of the reported Common Stock are Restricted Shares. 1/4 vest on 12/2/2018, 1/4 vest on 12/2/2019, 1/4 vest on 12/2/2020, 1/4 vest on 2021. Unvested shares of Restricted Stock (i)may be immediately forfeited to the Company at the time the grantee ceases to be an officer or employee of, or otherwise perform services for, the company or its subsidiaries under certain circumstances or (ii) may lapse upon the happening of certain events.
- F3520 shares of the reported Common Stock are Restricted Shares. 1/2 vest on 5/5/2019 and 1/2 vest on 5/5/2020. Unvested shares of Restricted Stock (i) may be immediately forfeited to the Company at the time the grantee ceases to be an officer or employee of, or otherwise perform services for, the Company or its subsidiaries under certain circumstances or (ii) may lapse upon the happening of certain events.