SEC Form 5 · accession 0001354488-16-006258
Swisher Hygiene Inc. · SWSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Pierce
Officer — President and CEO · Director
Period of report
Dec 31, 2015
Accepted (ET)
Feb 16, 2016 · 8:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001504747
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | $0.00 | Nov 5, 2015 | D | 6,569 | D | — | — | Common Stock | 6,569 | 0 | D |
Explanation of responses
- F1Each restricted stock unit was fully vested upon issuance and represented the reporting person's right to receive one share of Swisher Hygiene Inc. common stock following the reporting person's departure as a director. The restricted stock units did not have an expiration date.
- F2The restricted stock units were canceled on November 5, 2015 in connection with Swisher Hygiene Inc.'s sale transaction with Ecolab, Inc. (as described in Swisher Hygiene Inc.'s Form 8-K filed with the Securities and Exchange Commission on November 3, 2015). The reporting person received $6,897.45 as consideration for the cancellation.