SEC Form 4 · accession 0001252017-15-000041
DIRECTV · DTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D White
Officer — Chairman, President and CEO · Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 7:28 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3,F1 | $87.26 | Feb 23, 2015 | A | 85,951 | A | — | — | Common Stock | 85,951 | 85,951 | D |
Explanation of responses
- F1The number of restricted stock units is based on the closing price of the common stock on February 20, 2015 of $87.26.
- F2The restricted stock units confer no voting rights and may not be sold, but automatically settle for an equivalent number of shares of common stock of the Issuer on the relevant distribution date.
- F3These restricted stock units are granted pursuant to Rule 16b-3 qualified Incentive Plan (DIRECTV 2010 Stock Plan). The grant is time-vesting and will vest on December 31, 2017.