SEC Form 4 · accession 0001593968-18-001546
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
Dec 2, 2018
Accepted (ET)
Dec 4, 2018 · 4:57 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,F2,F3 | Dec 2, 2018 | F | 125 | $153.02 | D | 3,792 | 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 StockF4 | $132.12 | holding | — | — | — | Jun 7, 2019 | Jun 7, 2025 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock
- F21,200 shares of the reported Common Stock are Restricted Shares. 1/3 vest on 12/2/2019, 1/3 vest on 12/2/2020, 1/3 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.
- F4Options to purchase shares of Common Stock are subject to the following vesting schedule - 1/5 vest on 6/7/2019, 1/5 vest on 6/7/2020, 1/5 vest on 6/7/2021, 1/5 vest on 6/7/2022 and 1/5 vest on 6/7/2023. Options expire 7 years from grant date.