SEC Form 4 · accession 0001580608-15-000064
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
Apr 10, 2015
Accepted (ET)
Apr 14, 2015 · 5:09 pm EDT
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 | Apr 10, 2015 | A | 14,565 | $0.00 | A | 71,145 | D | |
| Common Stock | Apr 10, 2015 | F | 1,235 | $22.76 | D | 69,910 | 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 14,565 shares, 20% of which vested at grant on April 10, 2015 and were settled in shares of common stock. The remaining 80% will vest in equal installments on each of April 10, 2016, April 10, 2017 and April 10, 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.