SEC Form 4 · accession 0000899243-18-022705
Civitas Solutions, Inc. · CIVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M. Petersen
Officer — Redwood Op. Group President
Period of report
Aug 15, 2018
Accepted (ET)
Aug 17, 2018 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001608638
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $17.00 | Aug 15, 2018 | D | 23,477 | D | — | Oct 30, 2018 | Common Stock | 23,477 | 0 | D |
| Employee Stock Option (right to buy)F2 | $17.00 | Aug 15, 2018 | A | 23,477 | A | — | Jan 30, 2019 | Common Stock | 23,477 | 23,477 | D |
| Employee Stock Option (right to buy)F3 | $25.10 | Aug 15, 2018 | D | 6,515 | D | — | Oct 30, 2018 | Common Stock | 6,515 | 0 | D |
| Employee Stock Option (right to buy)F3 | $25.10 | Aug 15, 2018 | A | 6,515 | A | — | Mar 1, 2019 | Common Stock | 6,515 | 6,515 | D |
| Employee Stock Option (right to buy)F4 | $17.05 | Aug 15, 2018 | D | 9,160 | D | — | Oct 30, 2018 | Common Stock | 9,160 | 0 | D |
| Employee Stock Option (right to buy)F4 | $17.05 | Aug 15, 2018 | A | 9,160 | A | — | Mar 1, 2019 | Common Stock | 9,160 | 9,160 | D |
| Employee Stock Option (right to buy)F5 | $19.00 | Aug 15, 2018 | D | 8,658 | D | — | Oct 30, 2018 | Common Stock | 8,658 | 0 | D |
| Employee Stock Option (right to buy)F5 | $19.00 | Aug 15, 2018 | A | 8,658 | A | — | Mar 1, 2019 | Common Stock | 8,658 | 8,658 | D |
Explanation of responses
- F1The reported transactions involve the amendments of four outstanding option grants to extend the post-service exercise period following the reporting person's retirement, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The reporting person will retire on September 30, 2018. In addition, 2,172 unvested options with an exercise price of $25.10 will vest on December 3, 2018, 3,054 unvested options with an exercise price of $17.05 will vest on December 6, 2018 and 2,886 unvested options with an exercise price of $19.00 will vest on December 8, 2018, notwithstanding the reporting person's retirement prior to such dates.
- F2These options were fully vested.
- F3Of these options, 4,343 were vested as of the date of this report, and 2,172 will vest on December 3, 2018.
- F4Of these options, 3,053 were vested as of the date of this report, 3,054 will vest on December 6, 2018 and 3,053 were scheduled to vest on December 6, 2019 but will instead expire unexercised.
- F5None of these options was vested as of the date of this report. Of these options, 2,886 will vest on December 8, 2018, and 2,886 were scheduled to vest on each of December 8, 2019 and December 8, 2020 but will instead expire unexercised.