SEC Form 4 · accession 0001356949-17-000004
Houston Wire & Cable CO · HWCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L Pokluda III
Officer — PRESIDENT & CEO · Director
Period of report
Jan 30, 2017
Accepted (ET)
Feb 1, 2017 · 2:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001356949
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 SHARE UNITSF1 | — | Jan 30, 2017 | A | 20,000 | A | Dec 31, 2019 | Dec 31, 2019 | COMMON STOCK | — | 20,000 | D |
Explanation of responses
- F1Each performance share unit represents a contingent right to receive one share of HWCC common stock if the stock achieves certain market prices during the three year period ending December 31, 2019. Assuming the threshold market price is achieved, the performance share units vest on December 31, 2019 at levels ranging from 50% to 150% based on the highest market price achieved.