SEC Form 4 · accession 0001638599-16-001571
RBC Bearings INC · RBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Hartnett
Officer — President and CEO · Director
Period of report
Nov 10, 2016
Accepted (ET)
Nov 15, 2016 · 5:27 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 StockF4,F6,F9 | Nov 10, 2016 | M | 9,955 | $37.66 | A | 518,193 | D | |
| Common StockF4,F6,F9 | Nov 11, 2016 | M | 22,614 | $37.66 | A | 540,807 | D | |
| Common StockF4,F6,F9 | Nov 14, 2016 | M | 18,419 | $37.66 | A | 559,226 | D | |
| Common StockF4,F6,F9 | Nov 15, 2016 | M | 15,511 | $37.66 | A | 574,737 | D | |
| Common StockF4,F6,F9 | Nov 10, 2016 | S | 9,955 | $78.65 | D | 564,782 | D | |
| Common StockF4,F6,F9 | Nov 11, 2016 | S | 22,614 | $82.36 | D | 542,168 | D | |
| Common StockF4,F6,F9 | Nov 14, 2016 | S | 18,419 | $82.14 | D | 523,749 | D | |
| Common StockF4,F6,F9 | Nov 15, 2016 | S | 15,511 | $82.23 | D | 508,238 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option for purchase of Common StockF1 | $37.66 | Nov 10, 2016 | M | 9,955 | D | Oct 6, 2012 | Oct 6, 2018 | Common Stock | 100,000 | 90,045 | D |
| Stock Option for purchase of Common StockF1 | $37.66 | Nov 11, 2016 | M | 22,614 | D | Oct 6, 2012 | Oct 6, 2018 | Common Stock | 100,000 | 67,431 | D |
| Stock Option for purchase of Common StockF1 | $37.66 | Nov 14, 2016 | M | 18,419 | D | Oct 6, 2012 | Oct 6, 2018 | Common Stock | 100,000 | 49,012 | D |
| Stock Option for purchase of Common StockF1 | $37.66 | Nov 15, 2016 | M | 15,511 | D | Oct 6, 2012 | Oct 6, 2018 | Common Stock | 100,000 | 33,501 | D |
| Stock Option for Commn SharesF2 | $44.60 | holding | — | — | — | Jun 4, 2012 | Jun 4, 2019 | Common Stock | 100,000 | 100,000 | D |
| Stock Option for Common StockF3 | $51.08 | holding | — | — | — | Jun 14, 2014 | Jun 14, 2020 | Common Stock | 100,000 | 100,000 | D |
| Stock Option for purchase of Common StockF5 | $64.15 | holding | — | — | — | Jul 1, 2015 | Jul 1, 2021 | Common Stock | 100,000 | 100,000 | D |
| Stock Option for Common StockF7 | $72.83 | holding | — | — | — | Jul 1, 2016 | Jul 1, 2022 | Common Stock | 80,000 | 80,000 | D |
| Stock Option for Common StockF8 | $72.94 | holding | — | — | — | Jul 8, 2017 | Jul 8, 2023 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Options to purchase shares of Common Stock are subject to the following vesting schedule: 1/5 vest on 10/06/2012, 1/5 vest on 10/06/2013, 1/5 vest on 10/06/2014, 1/5 vest on 10/06/2015 and 1/5 vest on 10/06/2016. Options expire 7 years from grant date.
- F2Options to purchase shares of Common Stock are subject to the following vesting schedule: 1/5 vest on 6/4/2013, 1/5 vest on 6/4/2014, 1/5 vest on 6/4/2015, 1/5 vest on 6/4/2016 and 1/5 vest on 6/4/2017. Options expire 7 years from grant date.
- F3Options to purchase shares of Common Stock are subject to the following vesting schedule: 1/5 vest on 6/14/2014, 1/5 vest on 6/14/2015, 1/5 vest on 6/14/2016, 1/5 vest on 6/14/2017 and 1/5 vest on 6/14/2018. Options expire 7 years from grant date.
- F416,784 shares of the reported Common Stock are Restricted Shares. The Restrictions lapse on 7-1/2017. 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 7-1/2015, 1/5 vest on 7-1/2016, 1/5 vest on 7-1/2017, 1/5 vest on 7-1/2018 and 1/5 vest on 7-1/2019. Options expire 7 years from grant date.
- F626133 shares of the reported Common Stock are Restricted Shares. The Restrictions lapse in accordance with the following schedule: 1/2 vest on 7/1/2017, 1/2 vest on 7/1/2018. 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.
- F7Options to purchase shares of Common Stock are subject to the following vesting schedule: 1/5 vest on 7/1/2016, 1/5 vest on 7/1/2017, 1/5 vest on 7/1/2018, 1/5 vest on 7/1/2019 and 1/5 vest on 7/1/2020. Options expire 7 years from grant date.
- F8Options to purchase shares of Common Stock are subject to the following vesting schedule: 1/5 vest on 7/8/2017, 1/5 vest on 7/8/2018, 1/5 vest on 7/8/2019, 1/5 vest on 7/8/2020 and 1/5 vest on 7/8/2021. Options expire 7 years from grant date.
- F950,350 shares of the reported Common Stock are Restricted Shares. The Restrictions lapse in accordance with the following schedule: 1/3 vest on 7/8/2017, 1/3 vest on 7/8/2018, 1/3 vest on 7/8/2019. 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.