SEC Form 4 · accession 0001209191-15-016820
LORILLARD, LLC · LO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony B Petitt
Officer — VP, Controller and CAO
Period of report
Feb 18, 2015
Accepted (ET)
Feb 20, 2015 · 5:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001424847
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 18, 2015 | A | 3,664 | $0.00 | A | 29,706 | D | |
| Common StockF2,F3 | Feb 20, 2015 | S | 2,806 | $67.7457 | D | 26,900 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares reflect the 2014 Performance Restricted Stock Units ("RSUs") granted on February 19, 2014 that were earned based on the Company's achievement of target adjusted earnings per share for 2014 and converted to 3,664 shares of restricted stock, which vest on the third anniversary of the 2014 grant date, subject to continued employment.
- F2The shares were sold to fund withholding taxes in connection with the February 17, 2015 vesting of restricted stock granted on February 17, 2012. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2013.
- F3Represents the weighted average sale price. The shares were sold at prices ranging from $67.52 to $68.02. The Reporting Person undertakes to provide upon request to the SEC staff, the issuer or security holders of the issuer information regarding the number of shares and prices at which the transaction was effected.