SEC Form 4 · accession 0001572496-17-000005
CST BRANDS, LLC · CST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony P Bartys
Officer — SVP and COO
Period of report
Mar 8, 2017
Accepted (ET)
Mar 9, 2017 · 5:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001562039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01F1,F2 | Mar 8, 2017 | M | 2,140 | — | A | 16,758 | D | |
| Common Stock, Par Value $0.01F3,F4 | Mar 8, 2017 | F | 848 | $48.295 | D | 15,910 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Mar 8, 2017 | M | 2,140 | D | Mar 8, 2017 | — | Common Stock | 2,140 | 4,280 | D |
Explanation of responses
- F1Shares of common stock acquired upon vesting of restricted stock units.
- F2This amount includes 550 shares that were acquired pursuant to the CST Employee Stock Purchase Plan.
- F3Shares of common stock withheld in payment of the reporting person's tax withholding triggered by vesting.
- F4The mean of the highest and lowest prices of CST Brands, Inc. common stock on March 8, 2017.
- F5Each restricted stock unit represents a contingent right to receive one share of the issuer 's common stock.
- F6On March 8, 2016, the reporting person was granted 6,420 restricted stock units. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. Vested shares will be delivered on or as soon as reasonably practical following the applicable date of vesting, but in any event within sixty (60) days of the applicable date of vesting.