SEC Form 4 · accession 0001573744-17-000001
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
Jan 1, 2016
Accepted (ET)
Aug 7, 2017 · 8:19 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 | Jan 1, 2016 | F | 2,154 | $16.74 | D | 80,178 | D | |
| Common StockF1 | Feb 21, 2017 | F | 1,519 | $17.25 | D | 78,659 | D | |
| Common StockF2 | Mar 17, 2017 | F | 2,713 | $16.70 | D | 75,946 | D | |
| Common Stock | Aug 3, 2017 | M | 20,000 | $6.04 | A | 95,946 | D | |
| Common StockF3 | Aug 3, 2017 | F | 11,202 | $18.90 | D | 84,744 | D | |
| Common StockF4 | Aug 7, 2017 | J | 5,607 | — | D | 79,137 | 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) | $6.04 | Aug 3, 2017 | M | 20,000 | D | Aug 1, 2017 | Aug 1, 2022 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Reflects shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person in connection with the vesting of restricted stock units granted on March 13, 2015.
- F2Reflects shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person in connection with the vesting of restricted stock units granted on February 19, 2016.
- F3Reflects 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.
- F4This number reflects a forfeiture of performance-based shares from the Reporting Person's March 13, 2015 grant because certain pre-established goals were not achieved.