SEC Form 4 · accession 0001572905-16-000009
CST BRANDS, LLC · CST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles (Hal) Adams
Officer — President Retail Operations
Period of report
Mar 10, 2016
Accepted (ET)
Mar 11, 2016 · 11:45 am 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 | Mar 10, 2016 | M | 2,939 | — | A | 12,424 | 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 UnitsF2,F3 | — | Mar 10, 2016 | M | 2,939 | D | Mar 10, 2016 | — | Common Stock | 2,939 | 2,939 | D |
Explanation of responses
- F1Shares of common stock acquired upon vesting of restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F3On March 10, 2014 the reporting person was granted 8,817 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 no later than the 15th day of the third month following the end of the year in which the applicable date of vesting occurs.