SEC Form 4 · accession 0001559865-16-000036
EVERTEC, Inc. · EVTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip E. Steurer
Officer — EVP & COO
Period of report
Aug 2, 2016
Accepted (ET)
Aug 4, 2016 · 5:56 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 Stock | Aug 2, 2016 | M | 20,000 | $6.04 | A | 78,896 | D | |
| Common StockF1 | Aug 2, 2016 | F | 11,607 | $17.21 | A | 67,289 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $6.04 | Aug 2, 2016 | M | 20,000 | A | Aug 1, 2016 | Aug 1, 2022 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Reflects shares of common stock withheld by the Issuer to fund the cashless exercise of stock options and to pay the tax liability of the Reporting Person in connection with such exercise.
- F2Remaining options vest and become exercisable on August 1, 2017.