SEC Form 4 · accession 0001209191-15-086669
HeartWare International, Inc. · HTWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Schuermann
Officer — SVP, Sales & Marketing
Period of report
Dec 20, 2015
Accepted (ET)
Dec 22, 2015 · 5:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001389072
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 20, 2015 | M | 1,666 | $0.00 | A | 11,646 | D | |
| Common StockF2 | Dec 21, 2015 | S | 553 | $46.54 | D | 11,093 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3 | — | Dec 20, 2015 | M | 1,666 | D | Dec 20, 2015 | Dec 20, 2015 | Common Stock | 1,666 | 14,335 | D |
Explanation of responses
- F1On December 20, 2012, the reporting person was granted restricted stock units to acquire 5,000 shares of HeartWare International common stock. The award vests in three equal annual installments commencing on December 20, 2013. On December 20, 2015, 1,666 shares of common stock were issued to the reporting person.
- F2These shares were sold pursuant to a pre-arranged trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The sale proceeds were utilized to pay all payroll taxes related to the vesting of restricted stock units and receipt of the related shares reported on this Form 4.
- F3Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.