SEC Form 4 · accession 0001580185-17-000004
J.G. Wentworth Co · JGWE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phil Buscemi
Officer — President-Home Lending
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 3:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001580185
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.00001 per share | Feb 13, 2017 | A | 12,000 | $0.41 | A | 24,800 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy Class A Common Stock)F2 | $0.41 | Feb 13, 2017 | A | 24,000 | A | — | Feb 13, 2027 | Stock Options (right to buy Class A Common Stock) | 24,000 | 48,000 | D |
Explanation of responses
- F1Grant of restricted stock units pursuant to the 2013 Omnibus Plan, which cliff-vest based upon earnings of The J.G. Wentworth Company over a 3 year period: 2017, 2018, 2019.
- F2The options vest in equal installments on each of the first five anniversaries of the date of the grant.