SEC Form 4 · accession 0001179110-18-005817
Liberty Tax, Inc. · TAXA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas Bates
Officer — Chief Financial Officer
Period of report
Dec 9, 2017
Accepted (ET)
Apr 23, 2018 · 4:50 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 | Dec 9, 2017 | M | 892 | — | A | 892 | D | |
| Class A Common StockF6 | Dec 9, 2017 | F | 296 | $11.95 | D | 596 | D | |
| Class A Common StockF1 | Mar 1, 2018 | M | 2,671 | — | A | 3,267 | D | |
| Class A Common StockF7 | Mar 1, 2018 | F | 946 | $7.85 | D | 2,321 | 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 | — | Dec 9, 2017 | M | 892 | D | — | — | Class A Common Stock | 892 | 1,784 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 1, 2018 | M | 2,671 | D | — | — | Class A Common Stock | 2,671 | 2,671 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, upon vesting, one share of Class A Common Stock.
- F2This restricted stock unit award was granted on December 9, 2016 and one-third of the restricted stock units vested on December 9, 2017.
- F3This restricted stock unit award was granted on September 6,2017 and one-half of the restricted stock units vested on March 1, 2018.
- F4Represents the conversion upon vesting of restricted stock units into Class A Common Stock. On December 9, 2016, the reporting person was granted 2676 restricted stock units, of which one-third of the shares subject to the restricted stock units vested on December 9, 2017. Those restricted stock units were previously reported in Table II on the Form 3 filed with the Securities and Exchange Commission on September 8, 2017.
- F5Represents the conversion upon vesting of restricted stock units into Class A Common Stock. On September 6, 2017, the reporting person was award a one-time retention grant of 5342 restricted stock units, of which one-half of the shares subject to the restricted stock units vested on March 1, 2018. Those restricted stock units were previously reported in Table II on the Form 3 filed with the Securities and Exchange Commission on September 8, 2017.
- F6Reflects 296 shares withheld by Issuer at market price of $11.95 per share to fund the payment of taxes for the conversion.
- F7Reflects 946 shares withheld by Issuer at market price of $7.85 per share to fund the payment of taxes for the conversion.