SEC Form 4 · accession 0001553023-15-000046
CyrusOne Inc. · CONE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Venkatesh S. Durvasula
Officer — CHIEF COMMERCIAL OFFICER
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 2:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001553023
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 31, 2015 | F | 679 | $31.12 | D | 239,801 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $23.58 | Mar 31, 2015 | A | 1,516 | A | — | Apr 17, 2023 | Common Stock | 1,516 | 3,259 | D |
Explanation of responses
- F1Surrender of shares of common stock to cover tax withholding obligations pursuant to scheduled vesting of restricted shares of common stock granted under the CyrusOne 2012 Long Term Incentive Plan.
- F2On April 17, 2013, the reporting person was granted options which vest based on the achievement of the applicable performance criteria during the 2013-2015 performance period as follows: (i) up to 50% of the maximum number of such options will vest in cumulative installments on March 31, 2014, March 31, 2015 and March 31, 2016, based on the Company achieving certain cumulative EBITDA targets; and (ii) up to 50% of the maximum number of such options will vest on March 31, 2016 based on the Company achieving certain shareholder returns as measured against an index. Performance for 2013 and 2014 resulted in vesting of 1,743 options in 2014 and 1,516 options in 2015.