SEC Form 4 · accession 0001437749-16-042356
GENERAC HOLDINGS INC. · GNRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
York A. Ragen
Officer — Chief Financial Officer
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 5:45 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 | Nov 15, 2016 | M | 50,000 | $40.59 | A | 121,246 | D | |
| Common Stock, par value $0.01 per shareF1 | Nov 15, 2016 | F | 23,315 | $40.59 | D | 97,931 | D | |
| Common Stock, par value $0.01 per shareF3 | Nov 17, 2016 | S | 26,685 | $41.2452 | D | 71,246 | 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 | Nov 15, 2016 | M | 50,000 | D | — | Feb 10, 2020 | Common Stock | 50,000 | 106,294 | D |
Explanation of responses
- F1The disposition of 23,315 shares in Table 1 is solely the result of shares withheld by the Company to satisfy Mr. Ragen's cost of exercise and tax withholding obligations as permitted pursuant to the terms of the Generac Holdings, Inc. Amended and Restated 2010 Equity Incentive Plan.
- F2The option provides for vesting in five equal annual installments beginning on June 10, 2014, subject in each case to Mr. Ragen's continued employment with Generac Holdings Inc. through the vesting date.
- F3The price reported is the weighted average price. The shares were sold in multiple transactions at prices ranging from $41.07 to $41.50, 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.