SEC Form 4 · accession 0000899243-16-018181
Triumph Financial, Inc. · TFIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia L Pittman
Officer — AVP and Controller
Period of report
Apr 15, 2016
Accepted (ET)
Apr 15, 2016 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001539638
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Apr 15, 2016 | F | 169 | $15.87 | D | 17,543 | 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 OptionsF4,F5 | $15.87 | holding | — | — | — | — | Apr 1, 2026 | Common Stock | 2,990 | 2,990 | D |
Explanation of responses
- F1Represents 169 shares surrendered to satisfy applicable federal income tax withholding associated with the 04/1/15 vesting of 518 shares of restricted stock issued to reporting person.
- F2Represents closing price per share of Issuer's common stock on the date of vesting (4/1/2015).
- F3Consists of (i) 12,735 shares of common stock beneficially owned by the reporting person and (ii) 4,808 shares of restricted stock of reporting person subject to future time vesting requirements.
- F4Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan.
- F5Exercise of the employee stock option is subject to vesting over four years from the April 1, 2016 date of grant with one fourth of such options becoming exercisable on each of the first four anniversaries of the date of grant.