SEC Form 3 · accession 0001703056-18-000086
ADT Inc. · ADT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Porpora
Officer — SVP, Chief Growth Officer
Period of report
Dec 1, 2018
Accepted (ET)
Dec 10, 2018 · 2:46 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 96,528 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | holding | — | — | — | Jan 18, 2021 | — | Common Stock | 21,686 | — | D |
| Stock OptionsF3 | $14.00 | holding | — | — | — | Jul 23, 2018 | Jan 18, 2028 | Common Stock | 66,903 | — | D |
| Stock OptionsF4 | $14.00 | holding | — | — | — | Jan 18, 2021 | Jan 18, 2028 | Common Stock | 78,781 | — | D |
Explanation of responses
- F1On November 21, 2016, the reporting person was granted Class B units in Prime Security Services TopCo Parent, L.P. (the "November 2016 Award"). On January 23, 2018, shares of ADT Inc. common stock were distributed to the reporting person (the "Distributed Shares") by Prime Security Services TopCo Parent, L.P. in redemption of the November 2016 Award. The Distributed Shares reported fully vested on July 23, 2018.
- F2Each restricted stock unit ("RSU") was received as a grant under the ADT Inc. 2018 Omnibus Incentive Plan on January 18, 2018, for no consideration, and represents a contingent right to receive one share of ADT Inc. common stock upon vesting and settlement. The RSUs will "cliff vest" as to 100% of the RSUs on the third anniversary of the date of grant, generally subject to the reporting person's continued employment through such date.
- F3On January 18, 2018, the reporting person was granted stock options under the ADT Inc. 2018 Omnibus Incentive Plan, which vested on July 23, 2018.
- F4The reporting person was granted stock options on January 18, 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 on the third anniversary of the date of grant, generally subject to the reporting person's continued employment through such date.