SEC Form 4 · accession 0000018396-16-000210
CDI CORP · CDI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Hugo Malan
Officer — Executive Vice President
Period of report
Oct 27, 2016
Accepted (ET)
Oct 31, 2016 · 3:43 pm EDT
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 StockF1 | Oct 27, 2016 | M | 25,332 | $0.00 | A | 25,332 | D | |
| Common StockF2 | Oct 27, 2016 | A | 2,588 | $6.36 | A | 27,920 | D | |
| Common StockF3 | Oct 27, 2016 | F | 9,483 | $6.36 | D | 18,437 | 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 Stock (TVDS)F1,F4 | — | Oct 27, 2016 | M | 25,332 | D | — | Oct 27, 2018 | Common Stock | 25,332 | 37,999 | D |
Explanation of responses
- F1Upon vesting, each share of TVDS converts into one share of Common Stock.
- F2Under 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 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.
- F3This 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 tax withholding obligations.
- F4The shares of TVDS vest 40% on the second anniversary, and 30% on each of the third and fourth anniversaries, of the date of the grant (which was 10/27/14).