SEC Form 4 · accession 0001559865-19-000036
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
Mar 5, 2019
Accepted (ET)
Mar 6, 2019 · 6:21 pm EST
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 | Mar 5, 2019 | F | 87,911 | — | D | 539,102 | D | |
| Common StockF2 | Mar 6, 2019 | S | 152,221 | $27.01 | D | 386,881 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects shares withheld by the Issuer to pay the tax liability of the Reporting Person, as follows: (i) 25,178 shares withheld in connection with the vesting of fully diluted earnings per share performance-based restricted stock units ("RSUs") granted on February 19, 2016; (ii) 12,911 shares withheld in connection with the vesting of time-based RSUs granted on February 19, 2016; (iii) 32,566 shares withheld in connection with relative total shareholder return performance-based RSUs granted on February 19, 2016; (iv) 9,269 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2017; and (v) 7,987 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2018.
- F2Represents the weighted average sales price per share. The shares were sold pursuant to a 10b5-1 Plan at prices ranging from $26.70 to $27.43 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.