SEC Form 4 · accession 0000950142-16-002999
CDK Global, Inc. · CDK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian P MacDonald
Officer — President · Director
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001609702
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 5, 2016 | A | 14,500 | $43.985 | A | 25,394 | D | |
| Common StockF1,F3 | Feb 8, 2016 | A | 8,500 | $43.42 | A | 33,894 | D | |
| Common StockF1,F4 | Feb 9, 2016 | A | 68,526 | $0.00 | A | 102,420 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were acquired by, and the units were granted to, the reporting person pursuant to Section 3(e)(ii) of the Employment Agreement entered into on December 11, 2015, by and between the reporting person and the Issuer. The Employment Agreement is filed as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 11, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were acquired in multiple open market transactions at prices ranging from $43.85 to $44.16, inclusive. The reporting person undertakes to provide to the Issuer, a security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the range set forth in this footnote (2).
- F3The price reported in Column 4 is a weighted average price. These shares were acquired in multiple open market transactions at prices ranging from $42.87 to $43.85, inclusive. The reporting person undertakes to provide to the Issuer, a security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the range set forth in this footnote (3).
- F4The reported transaction reflects the grant of Restricted Stock Units under the Issuer's 2014 Omnibus Award Plan and represents a like number of shares of the Issuer's common stock. These Restricted Stock Units vest in three equal installments on January 1, 2017, 2018 and 2019. Upon vesting these Restricted Stock Units will settle in shares of the Issuer's common stock.