SEC Form 4 · accession 0001580608-15-000049
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 27, 2015
Accepted (ET)
Mar 3, 2015 · 5:38 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 StockF1 | Feb 27, 2015 | A | 5,886 | $0.00 | A | 26,645 | D | |
| Common Stock | Feb 27, 2015 | F | 966 | $22.53 | D | 25,679 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The restricted stock units were granted under the Santander Consumer USA Holdings Inc. Omnibus Incentive Plan. The restricted stock unit award includes a total of 5,886 shares, 60% of which vested at grant on February 27, 2015 and were settled in shares of common stock. The remaining 40% will vest in equal installments on each of February 27, 2016, February 27, 2017 and February 27, 2018. After the shares subject to the restricted stock units vest and are settled, they will remain subject to transfer and sale restrictions for a period of one year.
- F2Shares withheld for taxes upon the settlement in shares of restricted stock units granted to the reporting person.