SEC Form 4 · accession 0000018396-15-000013
CDI CORP · CDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D. Short
Officer — Sr. VP, CAO & General Counsel
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 2:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000018396
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 25, 2015 | M | 500 | $0.00 | A | 11,528 | D | |
| Common StockF1 | Feb 25, 2015 | A | 71 | $18.18 | A | 11,599 | D | |
| Common StockF2 | Feb 25, 2015 | F | 225 | $18.18 | D | 11,374 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Time-Vested Deferred StockF3,F4 | — | Feb 25, 2015 | M | 500 | D | — | Feb 25, 2015 | Common Stock | 500 | 0 | D |
Explanation of responses
- F1Under the terms of the Time Vested Deferred Stock (TVDS) granted to the Reporting Person, if dividends were paid on Common Stock between the grant date and the vesting date of the TVDS, then upon vesting under the TVDS the Reporting Person is entitled to receive additional shares of Common Stock equal to the aggregate value of the dividends relating to those shares. The price set forth in this column represents the market price of Common Stock on the date that the shares of TVDS owned by the Reporting Person vested and therefore the date that additional shares of Common Stock relating to dividends were earned.
- F2This is the market price of Common Stock on the date that the shares of TVDS owned by the Reporting Person vested and was therefore the price used to calculate the number of shares deducted to satisfy withholding obligations.
- F3Upon vesting, each share of Time-Vested Deferred Stock (TVDS) converts into one share of CDI Common Stock.
- F4The shares of TVDS vest 20% per year on each of the first five anniversaries of the grant date, which was 2/25/10.