SEC Form 4 · accession 0001356949-17-000015
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
Dec 11, 2017
Accepted (ET)
Dec 13, 2017 · 3:31 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 UNITSF2 | — | Dec 11, 2017 | A | 23,077 | A | Dec 11, 2017 | Dec 11, 2017 | COMMON STOCK | — | 43,077 | D |
| RESTRICTED STOCK UNITF3,F1 | — | Dec 11, 2017 | A | 46,154 | A | — | — | COMMON STOCK, $.001 PAR VALUE | 46,154 | 53,807 | D |
Explanation of responses
- F1The restricted stock award vests as to 15,385 on December 11, 2018; 15,385 on December 11, 2019; 15,384 on December 11, 2020 and is subject to forfeiture until vested.
- F2Each 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 11, 2020. Assuming the threshold market price is achieved, the performance share units vest on December 11, 2020 at levels ranging from 50% to 150% based on the highest market price received.
- F3Each restricted stock unit represents a contingent right to receive cash equal to the fair market value of one share of HWCC common stock or, following stockholder approval of the Houston Wire & Cable Company 2017 Stock Plan, one share of HWCC common stock.