SEC Form 4 · accession 0001580608-15-000123
Santander Consumer USA Holdings Inc. · SC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Michele Rodgers
Officer — Chief Compliance Officer
Period of report
Aug 13, 2015
Accepted (ET)
Aug 17, 2015 · 4:18 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 | Aug 13, 2015 | M | 7,532 | $9.21 | A | 11,171 | D | |
| Common Stock | Aug 13, 2015 | M | 5,230 | $9.21 | A | 16,401 | D | |
| Common Stock | Aug 13, 2015 | M | 2,308 | $12.10 | A | 18,709 | D | |
| Common Stock | Aug 13, 2015 | S | 15,070 | $23.17 | D | 3,639 | 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 | Aug 13, 2015 | M | 7,532 | D | — | May 31, 2022 | Common Stock | 7,532 | 19,249 | D |
| Stock option (right to buy)F2 | $9.21 | Aug 13, 2015 | M | 5,230 | D | — | May 31, 2022 | Common Stock | 5,230 | 13,365 | D |
| Stock option (right to buy)F2 | $12.10 | Aug 13, 2015 | M | 2,308 | D | — | May 31, 2022 | Common Stock | 2,308 | 5,896 | 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 in equal installments on each of May 31, 2013, 2014, 2015, 2016 and 2017.
- F2Granted 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 in equal installments on each of May 31, 2013, 2014, 2015, 2016 and 2017.