SEC Form 3 · accession 0001593968-18-001432
RBC Bearings INC · RBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Salamunovich
Officer — General Counsel and Secretary
Period of report
Oct 30, 2018
Accepted (ET)
Nov 13, 2018 · 4:05 pm EST
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 | holding | — | — | — | 1,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Purchase Common StockF2 | $146.57 | holding | — | — | — | Oct 30, 2019 | Oct 30, 2025 | Common Stock | 5,500 | — | D |
Explanation of responses
- F11,500 shares of the reported Common Stock are Restricted Shares. 1/5 vest on 10/30/2019, 1/5 vest on 10/30/2020, 1/5 vest on 10/30/2021, 1/5 vest on 10/30/2022 and 1/5 vest on 10/30/2023. 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.
- F2Options to purchase shares of Common Stock are subject to the following vesting schedule - 1/5 vest on 10/30/2019, 1/5 vest on 10/30/2020, 1/5 vest on 10/30/2021, 1/5 vest on 10/30/2022 and 1/5 vest on 10/30/2023. Options expire 7 years from grant date.