SEC Form 4 · accession 0001580608-16-000197
Santander Consumer USA Holdings Inc. · SC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer Popp
Officer — Deputy Chief Financial Officer
Period of report
Apr 7, 2016
Accepted (ET)
Apr 11, 2016 · 5:06 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 7, 2016 | A | 7,612 | $0.00 | A | 8,621 | D | |
| Common Stock | Apr 7, 2016 | F | 1,207 | $10.26 | D | 7,414 | 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 7,612 shares, 60% of which vested at grant on April 7, 2016 and were settled in shares of common stock. The remaining 40% will vest in equal installments on each of April 7, 2017, April 7, 2018 and April 7, 2019. 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.