SEC Form 4 · accession 0001104659-15-066704
Liberty Tax, Inc. · TAXA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas S Daniels
Officer — Chief Accounting Officer
Period of report
Sep 18, 2015
Accepted (ET)
Sep 23, 2015 · 3:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528930
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Sep 21, 2015 | M | 270 | — | A | 726 | D | |
| Class A Common StockF4 | Sep 21, 2015 | F | 87 | $23.73 | D | 639 | 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 | — | Sep 21, 2015 | M | 270 | D | — | — | Class A Common Stock | 270 | 0 | D |
| Restricted Stock UnitsF1,F5 | — | Sep 18, 2015 | A | 1,560 | A | — | — | Class A Common Stock | 1,560 | 1,560 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of Class A Common Stock.
- F2This restricted stock unit award was granted on September 19, 2014 and one-third of the restricted stock units vested on September 19, 2015.
- F3Represents the conversion upon vesting of restricted stock units into common stock. On September 19, 2014, the reporting person was granted 809 restricted stock units, of which one-third of the shares subject to the restricted stock units vested on September 19, 2015. Those restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on September 23, 2014.
- F4Reflects 87 shares withheld by Issuer at market price of $23.73 per share to fund the payment of taxes for the grant.
- F5Each year for three years starting September 18, 2016, one-third of the Restricted Stock Units shall become vested provided that the Employee is in the employ of the Company at the time of vesting.