SEC Form 4 · accession 0001501570-18-000138
Veritex Holdings, Inc. · VBTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Kowalski
Director
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001501570
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 1, 2018 | M | 163 | — | A | 17,723 | D | |
| Common Stock | May 1, 2018 | M | 2,500 | $10.85 | A | 20,223 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | May 1, 2018 | M | 163 | D | — | — | Common Stock | 163 | 0 | D |
| Employee Stock Option (right to buy)F3 | $10.85 | May 1, 2018 | M | 2,500 | D | — | Feb 18, 2024 | Common Stock | 2,500 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a right to receive at settlement one share of common stock of the Company.
- F2On October 9, 2014, the reporting person was granted an award of 403 restricted stock units. Vested units of 80 were settled through the delivery of shares on October 9, 2015, 2016 and 2017. Vested units of 163 were settled through the delivery of shares on May 1, 2018 as a result of the approval of the units to be fully exercisable beginning on April 24, 2018.
- F3The option becomes exercisable in five equal annual installments beginning on February 18, 2015 and was subsequently approved to be fully exercisable beginning on April 24, 2018.