SEC Form 4 · accession 0001179110-18-008073
Liberty Tax, Inc. · TAXA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicole Ossenfort
Officer — Chief Executive Officer
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 4:34 pm EDT
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 | — | Jun 1, 2018 | A | 30,806 | A | — | — | Class A Common Stock | 30,806 | 30,806 | D |
| Employee Stock Options (Right to Buy)F3,F4 | $10.55 | Jun 1, 2018 | A | 149,083 | A | — | — | Class A Common Stock | 149,083 | 149,083 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents the right to receive, at settlement, one share of Class A Common Stock.
- F2Each year for three years starting June 1, 2019, one-third of the Restricted Stock Units shall be come vested provided that the Employee is in the employ of the Company at the time of such vesting.
- F3Each year for three years beginning June 1, 2019, one-third of the Employee Stock Options shall become vested.
- F4Once exercisable, Employee Stock Options that become vested anytime from the date of vesting through five years from the date of vesting shall remain exercisable, provided that the Employee is in the employ of the Company at the time of each vesting.