SEC Form 4 · accession 0001140361-15-002229
GENERAC HOLDINGS INC. · GNRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Jagdfeld
Officer — Pres. and CEO · Director
Period of report
Jan 16, 2015
Accepted (ET)
Jan 20, 2015 · 5:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001474735
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per share | Jan 16, 2015 | M | 15,000 | $2.00 | A | 687,448 | D | |
| Common Stock, par value $0.01 per share | Jan 16, 2015 | F | 5,535 | $45.12 | D | 681,913 | D | |
| Common Stock, par value $0.01 per shareF1 | Jan 20, 2015 | S | 4,733 | $45.17 | D | 677,180 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $2.00 | Jan 16, 2015 | M | 15,000 | D | — | Feb 10, 2020 | Common Stock | 15,000 | 778,791 | D |
Explanation of responses
- F1The price reported is the weighted average price. The shares were sold pursuant to the terms of a trading plan, adopted May 16, 2014, under Rule 10b5-1 by Mr. Jagdfeld. The shares were sold in multiple transactions at prices ranging from $45.12 to $45.27, inclusive. The reporting person undertakes to provide the SEC, the issuer and any security holder full information regarding the number of shares and the prices at which the shares were sold.
- F2The option provides for vesting in five equal annual installments beginning on February 10, 2011, subject in each case to Mr. Jagdfeld's continued employment with Generac Holdings Inc. through the vesting date.