SEC Form 4 · accession 0001580608-15-000018
Santander Consumer USA Holdings Inc. · SC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eldridge A. Burns
Officer — CLO and General Counsel
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 6:00 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 | 36,077 | $9.21 | A | 56,836 | D | |
| Common Stock | Feb 5, 2015 | S | 36,077 | $20.4551 | D | 20,759 | 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 | 36,077 | D | — | Dec 31, 2021 | Common Stock | 36,077 | 92,193 | D |
Explanation of responses
- F1Options granted pursuant to the Santander Consumer USA Inc. 2011 Management Equity Plan. The stock option award is time vested, generally based on continued service, and is scheduled to vest 20% on December 31 of each of 2012, 2013, 2014, 2015, and 2016.