SEC Form 4 · accession 0001209191-17-025614
Triumph Financial, Inc. · TFIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gail Lehmann
Officer — EVP and Secretary
Period of report
Apr 1, 2017
Accepted (ET)
Apr 5, 2017 · 4:13 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 | Apr 1, 2017 | A | 1,730 | $0.00 | A | 27,480 | D | |
| Common StockF2,F3 | Apr 1, 2017 | F | 410 | $25.80 | D | 27,070 | 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 | $25.80 | Apr 1, 2017 | A | 5,123 | A | — | Apr 1, 2027 | Common Stock | 5,123 | 5,123 | D |
| Employee Stock OptionsF4,F5 | $15.87 | holding | — | — | — | — | Apr 1, 2026 | Common Stock | 7,176 | 7,176 | D |
Explanation of responses
- F1Represents shares of restricted common stock of Issuer granted to the reporting person under Issuer's 2014 Omnibus Incentive Plan. One fourth (rounded down to the nearest whole share, as applicable) of such shares shall vest on each of the first four anniversaries of the date of grant.
- F2Represents 409 shares surrendered to satisfy applicable federal income tax withholding associated with the 4/1/17 vesting of 1,550 shares of restricted stock issued to reporting person.
- F3Consists of (i) 22,466 shares beneficially owned by reporting person, and (ii) 4,605 shares of restricted stock of the reporting person subject to future 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 date of grant, with one fourth of such options becoming exercisable on each of the first four anniversaries of the date of grant.