SEC Form 4 · accession 0001140361-15-007821
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
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 5:15 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 | Feb 17, 2015 | M | 15,000 | $2.00 | A | 692,180 | D | |
| Common Stock, par value $0.01 per share | Feb 17, 2015 | F | 6,498 | $50.01 | D | 685,682 | D | |
| Common Stock, par value $0.01 per shareF1 | Feb 18, 2015 | S | 4,251 | $49.74 | D | 681,431 | D | |
| Common Stock, par value $0.01 per shareF2 | Feb 13, 2015 | A | 11,318 | $0.00 | A | 692,749 | 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)F4 | $2.00 | Feb 17, 2015 | M | 15,000 | D | — | Feb 10, 2020 | Common Stock | 15,000 | 763,791 | D |
| Stock Option (Right to Buy)F3 | $49.70 | Feb 13, 2015 | A | 53,641 | A | — | Feb 13, 2025 | Common Stock | 53,641 | 53,641 | 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 $49.67 to $49.94, 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.
- F2Subject to Mr. Jagdfeld's continued service through the vesting date, the Restricted Shares shall vest in equal installments on each of the first three (3) anniversaries of the Date of Grant.
- F3Options shall vest in equal installments on each of the first four (4) anniversaries of the Date of Grant.
- F4The 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.