SEC Form 4 · accession 0001593968-18-001547
RBC Bearings INC · RBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick S. Bannon
Officer — V.P. and General Manager
Period of report
Dec 2, 2018
Accepted (ET)
Dec 4, 2018 · 4:59 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,F4 | Dec 2, 2018 | F | 313 | $153.02 | D | 21,571 | 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 StockF5 | $126.56 | holding | — | — | — | Feb 1, 2019 | Feb 1, 2025 | Common Stock | 20,000 | 20,000 | D |
| Option to Purchase Common StockF6 | $132.12 | holding | — | — | — | Jun 7, 2019 | Jun 7, 2025 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock
- F22,100 shares of the reported Common Stock are Restricted Shares. The Restrictions lapse in accordance with the following schedule 1/3 vest on 12/4/2018, 1/3 vest on 12/4/2019, 1/3 vest on 12/4/2020. 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.
- F33,000 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 12/2/2021. 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
- F47,500 shares of the reported Common Stock are Restricted Shares. 1/5 vest on 2/1/2019, 1/5 vest on 2/1/2020, 1/5 vest on 2/1/2021, 1/5 vest on 2/1/2022, 1/5 vest on 2/1/2023. 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
- F5Options to purchase shares of Common Stock are subject to the following vesting schedule- 1/5 vest on 2/01/2019, 1/5 vest on 2/01/2020, 1/5 vest on 2/01/2021, 1/5 vest on 2/01/2022 and 1/5 vest on 2/01/2023. Options expire 7 years from grant date.
- F6Options 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.