SEC Form 4 · accession 0001672649-17-000002
Blue Bird Corp · BLBD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Ashburn Terry
Officer — Chief Commercial Officer
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 4:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001589526
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 3, 2017 | A | 18,145 | $0.00 | A | 18,145 | 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)F3 | $15.50 | Jan 3, 2017 | A | 18,611 | A | — | Jan 3, 2027 | Common Stock | 18,611 | 18,611 | D |
Explanation of responses
- F1The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock, par value $0.0001 (the "Common Stock"), of Blue Bird Corporation (the "Company").
- F2The RSU's vest 33.3% on January 3, 2018, 33.3% on January 3, 2019 and 33.4% on January 3, 2020 subject to downward adjustments consistent with each respective fiscal year's actual percentage payout of the Management Performance bonus award.
- F3The Stock Options vest 33.3% on January 3, 2018, 33.3% on January 3, 2019 and 33.4% on January 3, 2020 subject to downward adjustments consistent with each respective fiscal year's actual percentage payout of the Management Performance bonus award.