SEC Form 4 · accession 0001703056-18-000040
ADT Inc. · ADT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James David DeVries
Officer — President
Period of report
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 10:51 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001703056
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $9.19 | Sep 4, 2018 | A | 1,000,000 | A | — | Sep 4, 2028 | Stock Options | 1,000,000 | 2,064,572 | D |
Explanation of responses
- F1The reporting person was granted stock options on September 4, 2018 under the ADT Inc. 2018 Omnibus Incentive Plan. The stock options will "cliff vest" and become exercisable as to 100% of the stock options for $9.19 per share on the third anniversary of December 1, 2018 (or such earlier date on which Mr. DeVries assumes the role of Chief Executive Officer of ADT), generally subject to the reporting person's continued employment through such date.