SEC Form 4 · accession 0001567619-18-004083
Peak Resorts Inc · SKIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rory A. Held
Director
Period of report
Oct 10, 2018
Accepted (ET)
Oct 12, 2018 · 3:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001517401
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 UnitsF3,F4,F1,F2 | — | Oct 10, 2018 | A | 7,239 | A | — | — | Common Stock | 7,239 | 24,589 | D |
Explanation of responses
- F1The restricted stock units ("RSUs") give the reporting person the right to receive (i) the number of shares of common stock underlying the RSUs or (ii) as may be elected by the compensation committee, cash equal to the closing sale price per share of common stock on the trading day immediately prior to the distribution date times the number of shares underlying the RSUs.
- F2The RSUs will vest in full one year from the date of grant provided that the reporting person is serving on the board of directors at that time. Vested RSUs will be distributed to the reporting person on the date that is six months after the day the reporting person's service on the board of directors terminates for any reason.
- F3Reflects RSUs granted on November 7, 2016, when Mr. Held joined the Issuer's board, on October 4, 2017 and October 10, 2018.
- F4Pursuant to an arrangement between Mr. Held, the reporting person, and Summer Road LLC, any compensation that would otherwise be payable to Mr. Held for his services as a director of the Company will be paid directly to Summer Road LLC as his employer. Summer Road LLC provides investment management services to Cap 1 LLC, a Delaware limited liability company; Richard S. Sackler, M.D.; and the Richard and Beth Sackler Foundation, Inc., who filed a Schedule 13D in respect of the Issuer's Common Stock on September 21, 2016, as amended on November 14, 2016 and on July 18, 2017.