SEC Form 4 · accession 0001580608-16-000259
Santander Consumer USA Holdings Inc. · SC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Keith Pfirrman
Officer — Senior Chief Legal Officer
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 4:08 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 | Nov 16, 2016 | A | 21,645 | $0.00 | A | 37,321 | D | |
| Common Stock | Nov 16, 2016 | F | 1,974 | $13.86 | D | 35,347 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The restricted stock units (RSUs) were granted under the Santander Consumer USA Holdings Inc. Omnibus Incentive Plan. The award included a total of 21,645 RSUs. One-third (1/3) of the RSUs awarded, or 7,215 RSUs, vested at grant on November 16, 2016 and were settled in shares of common stock. The remaining RSUs will vest in equal installments on each of November 16, 2017 and November 16, 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.