SEC Form 4 · accession 0001209191-15-017111
SUNGARD CAPITAL CORP II
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher P Breakiron
Officer — VP & Chief Accounting Officer
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 3:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001337274
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock UnitF1,F2 | $0.00 | Feb 19, 2015 | A | 6,110 | A | — | — | Unit | 6,110 | 6,110 | D |
Explanation of responses
- F1Performance-Based RSUs vest up to 200% of amount granted if the value of shares on February 19, 2018 meets specified stock price thresholds and if the Reporting Person remains employed through February 19, 2018. The Reporting Person's RSUs shall vest and be paid in shares upon the first to occur of (i) the Reporting Person's termination of employment as a result of death, (ii) the Reporting Person's separation from service without cause upon or within twelve months following a change of control or (iii) the date that is three years after the date of grant.
- F2Each "Unit" consists of 1.3 shares of Class A-8 common stock and 0.1444 shares of Class L common stock of SunGard Capital Corp. and 0.038 shares of preferred stock of SunGard Capital Corp. II.