SEC Form 4 · accession 0001209191-16-122287
TIAA FSB Holdings, Inc. · EVER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert M Clements
Officer — Chairman and CEO · Director
Period of report
May 19, 2016
Accepted (ET)
May 20, 2016 · 5:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001502749
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF1,F2 | $0.00 | May 19, 2016 | A | 91,936 | A | — | — | Common Stock, par vaue $0.01 per share | 91,936 | 91,936 | D |
Explanation of responses
- F1Each performance unit represents a contingent right to receive one share of EVER common stock. The performance unit will vest upon certain performance targets.
- F2The performance units will be settled in shares of EVER common stock upon the achievement of certain performance goals. On March 29, 2017, 15323 performance units will vest and convert to shares of common stock if the first performance goal is achieved. On March 29, 2018, 15323 performance units will vest and convert to shares of common stock if the second performance goal is achieved. On March 29, 2019, up to 91936 performance units may vest and convert to shares of common stock (less the shares that previously vested in 2017 and 2018) if the third performance goal is achieved.