SEC Form 4 · accession 0000908834-16-000714
Spectrum Brands Legacy, Inc. · SPB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Maura
Officer — Executive Chairman · Director
Period of report
Oct 1, 2016
Accepted (ET)
Oct 4, 2016 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001487730
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 1, 2016 | A | 2,527 | $0.00 | D | 277,106 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting Person was awarded a total of 3,627 shares of restricted stock units under the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan which settled in shares of common stock of the Issuer and were scheduled to vest in full on October 1, 2016 if Reporting Person were to be an outside director of the Issuer on such date. However, the pro-rated amount of 2,527 shares of the 3,627 shares were forfeited as a result of the Reporting Person's status change from outside director to management director on January 20, 2016.
- F2Includes 80,000 shares of restricted common stock of the Issuer awarded to Reporting Person on November 25, 2014 under the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan which are settled in shares of common stock of the Issuer and which are scheduled to vest in two installments as follows: (i) 50,000 shares on November 25, 2016; and (ii) the remaining 30,000 shares on November 25, 2017 (the "Vesting Dates"). Any remaining unvested portion of the award shall be forfeited and cancelled if Reporting Person voluntarily ceases to provide services either as a director or officer to the Issuer prior to the respective Vesting Date(s) for any unvested portion(s).