SEC Form 4 · accession 0001179110-16-032871
Liberty Tax, Inc. · TAXA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Piper
Officer — President, JTH Financial, LLC
Period of report
Dec 9, 2016
Accepted (ET)
Dec 13, 2016 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528930
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 UnitsF1,F2 | — | Dec 9, 2016 | A | 27,778 | A | — | — | Class A Common Stock | 27,778 | 27,778 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents the right to receive, at settlement, one share of Class A Common Stock.
- F2Issuer has awarded the Reporting Person a one-time retention grant of Restricted Stock Units. One-fourth of the Restricted Stock Units vest on December 9, 2019 and December 9, 2020, respectively. The other half of the Restricted Stock Units vest on December 9, 2021.