SEC Form 4 · accession 0001580608-15-000020
Santander Consumer USA Holdings Inc. · SC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle L. Whatley
Officer — CHRO
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 5:18 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 6, 2015 | M | 24,183 | $9.21 | A | 35,428 | D | |
| Common Stock | Feb 6, 2015 | S | 24,183 | $20.7649 | D | 11,245 | 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 6, 2015 | M | 24,183 | D | — | Dec 31, 2021 | Common Stock | 24,183 | 61,799 | D |
Explanation of responses
- F1Granted 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.