SEC Form 4 · accession 0001408287-15-000064
Zep Inc. · ZEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carol A Dudley-Williams
Director
Period of report
Feb 2, 2015
Accepted (ET)
Feb 4, 2015 · 5:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001408287
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF1,F2,F3 | — | Feb 2, 2015 | A | 497 | A | — | — | Common Stock | 497 | 6,442 | D |
Explanation of responses
- F1Stock Units are accrued under the Issuer's Nonemployee Directors' Deferred Compensation Plan (the "Plan") and are payable in shares upon retirement in either a lump sum or five annual installments. Accruals include required and elective deferral of director fees. During the Reporting Period, fees paid to the Reporting Person resulted in an increase in the number of units held.
- F21-for-1
- F3Stock 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.