SEC Form 4 · accession 0001572905-15-000004
CST BRANDS, LLC · CST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles (Hal) Adams
Officer — SVP-Chief Mktg Officer
Period of report
Mar 12, 2015
Accepted (ET)
Mar 16, 2015 · 2:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001562039
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 12, 2015 | A | 5,604 | A | — | — | Common Stock | 5,604 | 5,604 | D |
| Stock Option (Right to Buy)F3 | $41.405 | Mar 12, 2015 | A | 32,252 | A | Mar 12, 2016 | Mar 12, 2025 | Common Stock | 32,252 | 32,252 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F2The 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.
- F3The stock options vest in three equal annual installments beginning on the first anniversary of the grant date.