SEC Form 4 · accession 0000950142-18-001873
CDK Global, Inc. · CDK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil Packham
Officer — President CDK International
Period of report
Sep 6, 2018
Accepted (ET)
Sep 10, 2018 · 7:33 pm EDT
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 | Sep 7, 2018 | M | 460 | — | A | 460 | D | |
| Common Stock | Sep 7, 2018 | D | 460 | $60.86 | D | 0 | D | |
| Common StockF1 | Sep 7, 2018 | M | 340 | — | A | 340 | D | |
| Common Stock | Sep 7, 2018 | D | 340 | $60.86 | D | 0 | D | |
| Common StockF1 | Sep 7, 2018 | M | 340 | — | A | 340 | D | |
| Common Stock | Sep 7, 2018 | D | 340 | $60.86 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Sep 6, 2018 | A | 1,970 | A | — | — | Common Stock | 1,970 | 1,970 | D |
| Restricted Stock UnitsF1,F4 | $60.86 | Sep 7, 2018 | M | 460 | D | — | — | Common Stock | 460 | 0 | D |
| Restricted Stock UnitsF1,F5 | $60.86 | Sep 7, 2018 | M | 340 | D | — | — | Common Stock | 340 | 341 | D |
| Restricted Stock UnitsF1,F6 | $60.86 | Sep 7, 2018 | M | 340 | D | — | — | Common Stock | 340 | 681 | D |
Explanation of responses
- F1The restricted stock units are settled solely in cash ("cash-settled RSUs") within 30 days after the vesting date.
- F2Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock.
- F3The cash-settled RSUs vest in three equal installments on September 6, 2019, 2020 and 2021.
- F4The cash-settled RSUs vested in full on September 7, 2018.
- F5The remaining cash-settled RSUs vest on September 8, 2019.
- F6The remaining cash-settled RSUs vest in two equal installments on September 8, 2019 and 2020.