SEC Form 4 · accession 0001559865-15-000016
EVERTEC, Inc. · EVTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Morgan M Schuessler
Officer — President & CEO · Director
Period of report
Apr 1, 2015
Accepted (ET)
Apr 6, 2015 · 3:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001559865
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2015 | A | 92,294 | — | A | 92,294 | D | |
| Common StockF2 | Apr 1, 2015 | A | 84,840 | — | A | 177,134 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reports a grant on April 1, 2015, of 92,294 restricted stock units which will vest in 3 substantially equal installments on April 1, 2016, April 1, 2017 and April 1, 2018, provided the Reporting Person is then providing services to the Company. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F2Reports a grant on April 1, 2015, of 84,840 restricted stock units, of which (i) 44,994 will vest in 3 substantially equal installments on January 1, 2016, January 1, 2017 and January 1, 2018; and (ii) 39,846 will vest on January 1, 2018 to the extent that performance is achieved against pre-established goals, in each case of (i) and (ii) provided the Reporting Person is then providing services to the Company. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. Vested shares will be delivered to the Reporting Person on or before March 15th of the year they vest.