SEC Form 4 · accession 0001437749-17-018570
GENERAC HOLDINGS INC. · GNRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell S Minick
Officer — Chief Marketing Officer
Period of report
Nov 3, 2017
Accepted (ET)
Nov 7, 2017 · 6:12 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 | Nov 3, 2017 | M | 4,744 | $29.81 | A | 39,369 | D | |
| Common StockF1 | Nov 3, 2017 | S | 4,744 | $50.8583 | D | 34,625 | D | |
| Common Stock | Nov 3, 2017 | M | 7,063 | $49.70 | A | 41,688 | D | |
| Common StockF2 | Nov 3, 2017 | S | 7,063 | $50.8683 | D | 34,625 | D | |
| Common Stock | Nov 3, 2017 | M | 5,521 | $33.23 | A | 40,146 | D | |
| Common StockF3 | Nov 3, 2017 | S | 5,521 | $50.8663 | D | 34,625 | D | |
| Common StockF4 | Nov 3, 2017 | S | 2,657 | $51.0779 | D | 31,968 | D | |
| Common StockF5 | Nov 3, 2017 | S | 4,100 | $51.076 | D | 27,868 | D | |
| Common StockF6 | Aug 22, 2013 | F | 3,202 | $42.005 | D | 24,659 | 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)F7 | $29.81 | Nov 3, 2017 | M | 4,744 | D | — | Jun 10, 2023 | Common Stock | 4,744 | 0 | D |
| Stock Option (Right to Buy)F8 | $49.70 | Nov 3, 2017 | M | 7,063 | D | — | Jun 10, 2023 | Common Stock | 7,063 | 7,063 | D |
| Stock Option (Right to Buy)F9 | $33.23 | Nov 3, 2017 | M | 5,521 | D | — | Jun 10, 2023 | Common Stock | 5,521 | 16,562 | D |
Explanation of responses
- F1The price reported is the weighted average price. The shares were sold in multiple transactions at prices ranging from $50.486 to 51.41, 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 price reported is the weighted average price. The shares were sold in multiple transactions at prices ranging from $50.48 to 51.41, 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.
- F3The price reported is the weighted average price. The shares were sold in multiple transactions at prices ranging from $50.4901 to 51.41, 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.
- F4The price reported is the weighted average price. The shares were sold in multiple transactions at prices ranging from $51.00 to 51.23, 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.
- F5The price reported is the weighted average price. The shares were sold in multiple transactions at prices ranging from $51.03 to 51.16, 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.
- F6This amount has been corrected to account for an arithmetical error that previously resulted in an overstatement of the amount owned by 7 shares, and also reflects the 8/22/2013 sale of 3202 shares that was inadvertently omitted from the Form 4 filed on 8/26/2013.
- F7The option provides for vesting in four equal annual installments beginning on June 10, 2014, subject in each case to Mr. Minick's continued employment with Generac Holdings Inc. through the vesting date.
- F8The option provides for vesting in four equal annual installments beginning on February 13, 2016, subject in each case to Mr. Minick's continued employment with Generac Holdings Inc. through the vesting date.
- F9The option provides for vesting in four equal annual installments beginning on February 18, 2017, subject in each case to Mr. Minick's continued employment with Generac Holdings Inc. through the vesting date.