SEC Form 4 · accession 0001209191-19-018529
Crocs, Inc. · CROX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel P Hart
Officer — Executive Vice President
Period of report
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 5:20 pm EDT
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 7, 2019 | A | 32,846 | $0.00 | A | 303,458 | D | |
| Common StockF2,F3 | Mar 8, 2019 | F | 4,002 | $25.18 | D | 293,975 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 32,846 restricted stock units granted to the reporting person under the issuer's 2015 Equity Incentive Plan. 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) 6,568 of the restricted stock units vest in three equal annual installments on March 7, 2020, March 7, 2021 and March 7, 2022, provided that the reporting person remains employed by the issuer as of each vesting date, and (ii) up to 26,278 of the restricted stock units vest in three equal annual installments beginning on the date in 2020 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.
- F2Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.
- F3Adjusted to reflect 5,481 restricted stock units that were cancelled as certain performance metrics relating to the vesting of such awards was not achieved.