SEC Form 4 · accession 0001580608-15-000080
Santander Consumer USA Holdings Inc. · SC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle L. Whatley
Officer — Chief Human Resources Officer
Period of report
May 1, 2015
Accepted (ET)
May 4, 2015 · 5:04 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 Stock | May 1, 2015 | M | 16,791 | $9.21 | A | 31,254 | D | |
| Common Stock | May 1, 2015 | M | 7,408 | $12.10 | A | 38,662 | D | |
| Common Stock | May 1, 2015 | S | 24,199 | $24.6213 | D | 14,463 | 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 | May 1, 2015 | M | 16,791 | D | — | Dec 31, 2021 | Common Stock | 16,791 | 42,913 | D |
| Stock option (right to buy)F1 | $12.10 | May 1, 2015 | M | 7,408 | D | — | Dec 31, 2021 | Common Stock | 7,408 | 18,934 | 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 performance vested. Subject to the company's achievement of certain performance targets, the award is scheduled to vest 20% on December 31 of each of 2012, 2013, 2014, 2015, and 2016.