SEC Form 4 · accession 0000914760-16-000391
WABCO Holdings Inc. · WBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Gross
Director
Period of report
Mar 22, 2016
Accepted (ET)
Mar 24, 2016 · 3:40 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 | Mar 22, 2016 | A | 474 | $0.00 | A | 474 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The deferred stock units were granted as the reporting person's initial retainer. The deferred stock units equal the amount of the retainer ($50,000) divided by the closing price of WABCO Holding Inc.'s ("WABCO") common stock on the trading day preceding the grant date. Each whole deferred stock unit represents a contingent right to receive one share of WABCO common stock. The deferred stock units are 100% vested upon grant and shall be distributed in shares of common stock as soon as practicable 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; (iv) 13 months after the grant date; or (v) if elected by the reporting person, an "optional payment date" which may not be earlier than five years and one month after the grant date.