SEC Form 4 · accession 0001104659-15-083078
Neff Corp · NEFF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Graham Hood
Officer — Chief Executive Officer · Director
Period of report
Dec 2, 2015
Accepted (ET)
Dec 4, 2015 · 7:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001617667
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | — | Dec 2, 2015 | A | 31,133 | A | — | — | Class A Common Stock | 31,133 | 31,133 | D |
| Stock Option (right to buy)F2 | $8.03 | Dec 2, 2015 | A | 64,252 | A | — | Dec 2, 2025 | Class A Common Stock | 64,252 | 64,252 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock. The RSUs will cliff-vest on December 2, 2018, subject to continued employment (subject to certain acceleration triggers) and (a) in the case of 50% of the RSUs, only if the Company's return on invested capital for the three-year period from the date of grant exceeds its weighted average cost of capital for such period and (b) in the case of the other 50% of the RSUs, only if the Company's total stockholder return, as measured for such period, is equal to or greater than the median total stockholder return of companies in the Trading Companies and Distributors GICS Sub-Industry for such period.
- F2The option vests in four equal annual installments beginning on the first anniversary of the grant date.