SEC Form 4 · accession 0001181431-15-003809
Crocs, Inc. · CROX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Rees
Officer — President
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 5:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001334036
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2015 | A | 262,918 | $0.00 | A | 523,812 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 262,918 restricted stock units granted to the reporting person under the issuer's 2007 Equity Incentive Plan (as Amended and Restated). Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock. The restricted stock units vest as follows: (i) 72,010 of the restricted stock units vest in three equal annual installments on March 1, 2016, March 1, 2017 and March 1, 2018, provided that the reporting person remains employed by the issuer as of each vesting date, and (ii) up to 190,908 of the restricted stock units vest in three equal annual installments beginning on the date in 2016 that the issuer's compensation committee certifies that certain performance metrics are achieved, provided that the reporting person remains employed by the issuer as of each vesting date.