SEC Form 4 · accession 0001252017-15-000025
DIRECTV · DTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lorrie M Norrington
Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 24, 2015 · 1:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001465112
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitF2,F1 | — | Feb 23, 2015 | A | 1,490 | A | — | — | Common Stock | 1,490 | 11,160 | D |
Explanation of responses
- F1The deferred stock units confer no voting rights and may not be sold, but automatically settle for an equivalent number of shares of DIRECTV common stock of the Issuer to be distributed to the Reporting Person in January of the calendar year after the Reporting Person ceases to be a member of the Board of Directors.
- F2Deferral of receipt of the equity portion of the annual retainer paid to directors in shares of common stock based on closing price of the common stock on February 20, 2015 of $87.26.