SEC Form 4 · accession 0001408287-15-000045
Zep Inc. · ZEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert P Collins
Officer — Chief Administrative Officer
Period of report
Jan 15, 2015
Accepted (ET)
Jan 20, 2015 · 1:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001408287
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 19, 2015 | M | 143 | $15.15 | A | 63,841 | D | |
| Common StockF2 | Jan 19, 2015 | F | 44 | $15.15 | D | 63,797 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF3,F4,F5 | — | Jan 15, 2015 | A | 182 | A | — | — | Common Stock | 182 | 12,609 | D |
| Share UnitsF1,F4,F5 | — | Jan 19, 2015 | M | 143 | D | — | — | Common Stock | 143 | 12,466 | D |
Explanation of responses
- F1The Reporting Person received a distribution from the Company's Supplemental Deferred Savings Plan, which consisted in part of share units having the same economic equivalent value of the Company's common stock. The share unit portion of the distribution was settled in shares of the Company's common stock.
- F2The total direct shares shown includes 14,616 time-vesting restricted and/or performance shares.
- F3Stock Units are accrued under the Issuer's Supplemental Deferred Savings Plan (SDSP) and are payable in common stock upon the occurrence of certain events in either a lump sum or up to 10 annual installments as per the Reporting Person's election. During the Reporting Period and in accordance with the provisions of the SDSP, certain of the Reporting Person's salary and/or bonus deferrals were invested into the Share Unit Fund in accordance with his election resulting in an increase in the number of share units held by the Reporting Person.
- F41-for-1
- F5Stock Units issued pursuant to the SDSP are payable in Zep common shares upon the occurrence of certain events in either a lump sum or up to 10 annual installments.