SEC Form 4 · accession 0001104659-18-060420
Frontdoor, Inc. · FTDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Fiarman
Officer — Sr. V.P. & General Counsel
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 9:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001727263
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | — | Oct 1, 2018 | A | 6,167 | A | — | — | Common Stock | 6,167 | 6,167 | D |
Explanation of responses
- F1Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted August 27, 2018 by ServiceMaster Global Holdings, Inc. ("ServiceMaster") and converted into restricted stock units of the Company in connection with the Company's spin-off from ServiceMaster (the "Spin-off"), and become vested and settled in three (3) equal installments on August 27, 2019, 2020 and 2021, subject to continued employment with the Company.
- F2The number of restricted stock units were adjusted in connection with the Spin-off based on the closing price of ServiceMaster's stock on September 28, 2018 and the opening price of Company stock on October 1, 2018.