SEC Form 4 · accession 0001437749-19-004108
GENERAC HOLDINGS INC. · GNRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aaron Jagdfeld
Officer — Chief Executive Officer · Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 6:25 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 StockF1 | Mar 1, 2019 | S | 20,000 | $51.7529 | D | 721,281 | D | |
| Common StockF2 | Mar 1, 2019 | F | 4,202 | $52.065 | D | 717,079 | D | |
| Common StockF3 | Mar 1, 2019 | A | 16,806 | $52.065 | A | 733,885 | D | |
| Common StockF4 | Mar 1, 2019 | F | 8,010 | $52.065 | D | 725,875 | D | |
| Common Stock | Mar 1, 2019 | A | 13,368 | $0.00 | A | 739,243 | 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)F5 | $52.065 | Mar 1, 2019 | A | 90,533 | A | — | Mar 1, 2029 | Common Stock | 90,533 | 90,533 | D |
Explanation of responses
- F1The price reported is the weighted average price. The shares were sold pursuant to the terms of a trading plan under Rule 10b5-1 previously entered into on November 6, 2017 for long-term financial planning purposes. The shares were sold in multiple transactions at prices ranging from $51.595 to 52.01, 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.
- F2Shares withheld to fund the tax liability associated with vesting of restricted shares.
- F3Subject to 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.
- F4Shares withheld to fund the tax liability associated with vesting of performance shares.
- F5Subject to continued service through the vesting date, the Options shall all vest in equal installments on each of the first four (4) anniversaries of the Date of Grant.