SEC Form 4 · accession 0001415889-16-006452
ARRIS International plc · ARRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Charles Baldock
Officer — SVP, CHIEF INFORMATION OFFICER
Period of report
Jul 7, 2016
Accepted (ET)
Jul 11, 2016 · 6:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001645494
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | holding | — | — | — | 732 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Shares (S) 160707F1,F2 | $0.00 | Jul 7, 2016 | A | 11,890 | A | Jan 4, 2018 | — | Ordinary Shares | 11,890 | 11,890 | D |
| Restricted Shares (R) 160707F1,F2 | $0.00 | Jul 7, 2016 | A | 3,260 | A | Jan 4, 2018 | — | Ordinary Shares | 3,260 | 3,260 | D |
| Restricted Shares (T) 160707F3,F2 | $0.00 | Jul 7, 2016 | A | 16,010 | A | Jul 7, 2020 | — | Ordinary Shares | 16,010 | 16,010 | D |
| Restricted Shares (P) 160707F4,F2 | $0.00 | Jul 7, 2016 | A | 32,020 | A | Jan 31, 2019 | — | Ordinary Shares | 32,020 | 32,020 | D |
Explanation of responses
- F1Represents a restricted stock grant subsequent to the 4 January 2016 combination of ARRIS Group, Inc. ("ARRIS") and Pace plc ("Pace") pursuant to which each of ARRIS and Pace was acquired by a new English holding company, ARRIS International plc (the "Merger"). The granted shares are subject to vesting on the second anniversary of the Merger. Date represents vesting date for the award.
- F2This restricted stock grant does not have a date of expiration, but will fully vest pursuant to the predetermined vesting schedule.
- F3Represents a restricted stock grant which vests in four equal annual installments beginning one year from the grant date.
- F4Represents a restricted stock grant that is performance-based and can vest between 0 and 200% of the grant amount based on the Company's shareholder return as compared to the NASDAQ Composite shareholder return over a three-year measurement period. Amount shown reflects maximum vesting of the award at the 200% level.