SEC Form 4 · accession 0001209191-17-058182
GRAPHIC PACKAGING HOLDING CO · GPK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah R. Frank
Officer — VP, Chief Accounting Officer
Period of report
Feb 23, 2017
Accepted (ET)
Oct 27, 2017 · 4:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001408075
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 25, 2017 | M | 28,301 | $0.00 | A | 128,924 | D | |
| Common Stock | Feb 25, 2017 | F | 13,519 | $13.52 | D | 115,405 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock UnitsF1 | $0.00 | Feb 25, 2017 | M | 18,026 | D | Feb 25, 2017 | Feb 25, 2017 | Common Stock | 19,288 | 0 | D |
| Service-Based Restricted Stock Units | $0.00 | Feb 25, 2017 | M | 9,013 | D | Feb 25, 2017 | Feb 25, 2017 | Common Stock | 9,013 | 0 | D |
| Performance-Based Restricted Stock UnitsF2,F3,F4 | $0.00 | Feb 23, 2017 | M | 10,988 | D | — | — | Common Stock | 10,988 | 10,988 | D |
| Service-Based Restricted Stock UnitsF3,F4 | $0.00 | Feb 23, 2017 | M | 5,495 | D | — | — | Common Stock | 5,495 | 5,495 | D |
Explanation of responses
- F1Based on the performance of the Company, each Performance-Based Restricted Stock Unit pays out in 1.07 shares of Common Stock.
- F2This number represents payout at target. Actual payout may be adjusted up or down depending upon achievement of performance targets.
- F3Performance-Based Restricted Stock Units and Service-Based Restricted Stock Units vest and become payable on the third anniversary of the date of grant, except in cases of death, disability, retirement, involuntary termination or change in control.
- F4The Restricted Stock Units expire upon the conversion and payment in shares of the Company's Common Stock as described under "Date Exercisable."