SEC Form 4 · accession 0001140361-15-040856
Lumber Liquidators Holdings, Inc. · LL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Presley
Director
Period of report
Nov 9, 2015
Accepted (ET)
Nov 12, 2015 · 4:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396033
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 9, 2015 | A | 6,509 | $0.00 | A | 46,618 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to purchase)F2 | $16.13 | Nov 9, 2015 | A | 150,000 | A | — | Nov 9, 2025 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Deferred stock unit to be settled in common stock upon the director's departure from the Board of Directors pursuant to the Outside Directors Deferral Plan.
- F2Stock option vests at the rate of 33.33% per year over three years beginning November 9, 2016 if Mr. Presley is employed by Registrant as Chief Executive Officer or serves on its Board of Directors on such anniversary; provided, however, if Mr. Presley remains a member of the Registrant's Board of Directors but is no longer employed by Registrant as its Chief Executive Officer, 75% of the shares covered by this grant which have not vested as of the date Mr. Presley ceased serving as the Registrant's Chief Executive Officer shall immediately expire, with such percentage applying to each tranche of shares that have not vested as of such date. Upon a change in control, 33% of the shares covered by this grant that have not previously vested or expired shall vest and any portion that remains unvested shall immediately expire upon such change in control.