SEC Form 4 · accession 0000914760-15-000152
WABCO Holdings Inc. · WBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth J Martin
Director
Period of report
Apr 28, 2015
Accepted (ET)
Apr 30, 2015 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001390844
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 28, 2015 | S | 2,971 | $127.12 | D | 2,377 | D | |
| Common StockF2,F3 | holding | — | — | — | 5,402 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to deferred stock units ("DSUs") that were granted as part of the reporting person's annual retainer. The DSUs equal the reporting person's equity retainer fee divided by the closing price of WABCO's common stock on the day before the grant date. Each whole deferred stock unit represents a contingent right to receive one share of WABCO common stock. The DSUs are 100% vested upon grant and must be issued in shares of common stock as soon as possible following the earliest to occur of: (i) the reporting person's death or Disability as defined in the Award Agreement; (ii) a "Change in Control" as defined in the Omnibus Incentive Plan; (iii) the reporting person's "separation from service" (as defined under applicable tax rules) from WABCO; or (iv) 13 months after the grant date, or, if chosen by the reporting person, an "optional payment date" which must be later than 5 years and 1 month after the grant date.
- F2Includes reinvestment of dividends paid on shares held in Rabbi trust for non-management directors.
- F3Shares are held in a Rabbi trust for non-management directors. Director exercises voting rights but has no right to dispose until directorship ends.