SEC Form 4 · accession 0001580608-15-000015
Santander Consumer USA Holdings Inc. · SC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason W. Grubb
Officer — COO, Originations
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 5:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001580608
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 5, 2015 | M | 125,473 | $9.21 | A | 182,053 | D | |
| Common Stock | Feb 5, 2015 | M | 58,083 | $9.21 | A | 240,136 | D | |
| Common Stock | Feb 5, 2015 | M | 25,628 | $12.10 | A | 265,764 | D | |
| Common Stock | Feb 5, 2015 | S | 209,184 | $20.4551 | D | 56,580 | 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)F1 | $9.21 | Feb 5, 2015 | M | 125,473 | D | — | Dec 31, 2021 | Common Stock | 125,473 | 171,944 | D |
| Stock option (right to buy)F2 | $9.21 | Feb 5, 2015 | M | 58,083 | D | — | Dec 31, 2021 | Common Stock | 58,083 | 148,432 | D |
| Stock option (right to buy)F2 | $12.10 | Feb 5, 2015 | M | 25,628 | D | — | Dec 31, 2021 | Common Stock | 25,628 | 65,493 | D |
Explanation of responses
- F1Granted pursuant to the Santander Consumer USA Inc. 2011 Management Equity Plan. 20% of the options vested upon each of December 31, 2012 and 2013 and the remainder vested upon consummation of the initial public offering. All options are currently exercisable.
- F2Granted pursuant to the Santander Consumer USA Inc. 2011 Management Equity Plan. The stock option award was originally time vested, generally based on continued service, and performance vested. In accordance with the company's achievement of certain performance targets, 20% of the options vested upon each of December 31, 2012 and 2013 and the remainder vested upon consummation of the initial public offering. All options are currently exercisable.