SEC Form 4 · accession 0001408287-15-000072
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
Feb 4, 2015
Accepted (ET)
Feb 5, 2015 · 6:29 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 | Feb 4, 2015 | M | 10,500 | $12.52 | A | 74,297 | D | |
| Common StockF1,F2,F3 | Feb 4, 2015 | S | 10,500 | $17.00 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F4 | $12.52 | Feb 4, 2015 | M | 10,500 | D | — | Nov 13, 2017 | Common Stock | 10,500 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 26, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging, inclusively, from $17.00 to $17.03 on sales reported for February 4, 2015. The Reporting Person undertakes to provide to Zep Inc., any security holder of Zep Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
- F3The total direct shares shown includes 14,616 time-vesting restricted and/or performance shares.
- F4This stock option vests ratably over a four year period and will become fully vested on November 14, 2011.