SEC Form 4 · accession 0001140361-15-007831
GENERAC HOLDINGS INC. · GNRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell S Minick
Officer — Executive Vice President
Period of report
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 5:20 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 shareF1 | Feb 13, 2015 | A | 2,981 | $0.00 | A | 48,036 | D | |
| Common Stock, par value $0.01 per share | Feb 13, 2015 | M | 11,260 | $6.15 | A | 59,296 | D | |
| Common Stock, par value $0.01 per share | Feb 13, 2015 | F | 4,779 | $49.70 | D | 54,517 | D | |
| Common Stock, par value $0.01 per shareF3 | Feb 17, 2015 | S | 12,636 | $50.12 | D | 41,881 | 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 | $49.70 | Feb 13, 2015 | A | 14,126 | A | — | Feb 13, 2025 | Common Stock | 14,126 | 14,126 | D |
| Stock Option (Right to Buy)F4,F2 | $6.15 | Feb 13, 2015 | M | 11,260 | D | — | Aug 22, 2021 | Common Stock | 11,260 | 22,519 | D |
Explanation of responses
- F1Subject to Mr. Minick's continued service through the vesting date, the Restricted Shares shall all vest in equal installments on each of the first three (3) anniversaries of the Date of Grant.
- F2Options shall vest in equal installments on each of the first four (4) anniversaries of the Date of Grant.
- F3The shares were sold in multiple transactions at prices ranging from $50.00 to $50.27, 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.
- F4Reported price reflects adjustment made, pursuant to the terms of the Company's 2010 Equity Incentive Plan, to reflect both a special cash dividend of $6 per share paid on June 29, 2012 to stockholders of record as of June 20, 2012 and a $5 per share paid on June 21, 2013 to stockholders of record as of June 12,2013.