SEC Form 4 · accession 0001703056-18-000020
ADT Inc. · ADT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Africk
Director
Period of report
May 15, 2018
Accepted (ET)
May 16, 2018 · 1:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001703056
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | May 15, 2018 | A | 14,025 | $0.00 | A | 14,025 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit ("RSU") was received as a grant under the ADT Inc. 2018 Omnibus Incentive Plan on May 15, 2018 for no consideration, and represents a contingent right to receive ADT Inc. common stock upon vesting and settlement. The RSUs will "cliff vest" as to 100% of the RSUs on January 18, 2019, generally subject to the reporting person's continued service on the board of directors of ADT Inc.