SEC Form 4 · accession 0001628280-15-000895
GNC HOLDINGS, INC. · GNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Guru Ramanathan
Officer — Chief Innovation Officer
Period of report
Feb 18, 2015
Accepted (ET)
Feb 20, 2015 · 4:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001502034
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 18, 2015 | A | 7,122 | $0.00 | A | 31,924 | D | |
| Common StockF2,F3 | Feb 19, 2015 | F | 343 | $48.45 | D | 31,581 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted stock pursuant to the GNC Holdings, Inc. 2011 Stock and Incentive Plan. Of the shares of restricted stock granted, 50% vest in three equal installments on each February 18, 2016, 2017 and 2018, and 50% vest (subject to adjustment) on December 31, 2017 if the Issuer satisfies certain pre-determined performance criteria.
- F2Shares withheld to cover minimum income tax withholding obligation in connection with the vesting of 931 restricted stock units ("RSUs"). The RSUs comprise a portion of the February 19, 2014 grant of restricted stock units to Mr. Ramanathan, which vests in equal installments on each February 19, 2015, 2016 and 2017.
- F3Equal to the closing price of one share of the Issuer's Common Stock on the New York Stock Exchange on February 19, 2015.