SEC Form 4 · accession 0001209191-17-016126
LSC Communications, Inc. · LKSD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Lane
Officer — Chief Strategy Officer
Period of report
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 6:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001669812
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 27, 2017 | A | 8,290 | — | A | 46,762 | D | |
| Common StockF2,F3 | Feb 27, 2017 | A | 6,910 | — | A | 53,691 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Company granted restricted stock awards ("RSAs") issued pursuant to a Rule 16b-3 plan. RSAs are subject to a one year free cash flow performance target, and if such performance target is met, the RSAs will vest in full on March 2, 2020. Stock granted pursuant to the RSAs could range from 50% if the threshold target is met to 120% if performance meets specified levels. The amount reported above reflects 120% and will be cut back based upon performance levels accordingly.
- F2Company granted restricted stock units ("RSUs") issued pursuant to a Rule 16b-3 plan. The RSUs vest 100% on March 2, 2020.
- F3Includes 1,653 shares held directly, 23,520 RSAs subject to performance vesting and 28,518 RSUs.