SEC Form 4 · accession 0001179110-15-004737
Liberty Tax, Inc. · TAXA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ellen M McDowell
Director
Period of report
Mar 9, 2015
Accepted (ET)
Mar 11, 2015 · 5:42 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 Stock | Mar 9, 2015 | M | 25,000 | $15.00 | A | 70,324 | D | |
| Class A Common StockF1 | Mar 9, 2015 | F | 12,817 | $29.26 | D | 57,507 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy) | $15.00 | Mar 9, 2015 | M | 2,563 | D | Apr 15, 2011 | Apr 15, 2016 | Class A Common Stock | 5,000 | 2,437 | D |
| Employee Stock Options (Right to Buy) | $15.00 | Mar 9, 2015 | M | 2,437 | D | Apr 15, 2011 | Apr 15, 2016 | Class A Common Stock | 5,000 | 0 | D |
| Employee Stock Options (Right to Buy) | $15.00 | Mar 9, 2015 | M | 5,127 | D | Apr 15, 2012 | Apr 15, 2017 | Class A Common Stock | 10,000 | 4,873 | D |
| Employee Stock Options (Right to Buy) | $15.00 | Mar 9, 2015 | M | 4,873 | D | Apr 15, 2012 | Apr 15, 2017 | Class A Common Stock | 10,000 | 0 | D |
| Employee Stock Options (Right to Buy) | $15.00 | Mar 9, 2015 | M | 5,127 | D | Apr 15, 2013 | Apr 15, 2018 | Class A Common Stock | 10,000 | 4,873 | D |
| Employee Stock Options (Right to Buy) | $15.00 | Mar 9, 2015 | M | 4,873 | D | Apr 15, 2013 | Apr 15, 2018 | Class A Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Reflects 12,817 shares withheld by Issuer at the market price of $29.26 per share less an exercise price of $15.00 per share to fund the cashless exercise of 12,183 options owned by Ellen McDowell, which cashless exercise was approved by Board of Directors.