SEC Form 4 · accession 0000020629-16-000129
CSS INDUSTRIES INC · CSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christian A Sorensen
Officer — EVP - Operations
Period of report
May 21, 2016
Accepted (ET)
May 24, 2016 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000020629
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock ($.10 par value) | May 21, 2016 | M | 4,000 | $0.00 | A | 25,930 | D | |
| Common Stock ($.10 par value) | May 21, 2016 | F | 1,260 | $27.60 | D | 24,670 | 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 UnitsF3 | $0.00 | May 21, 2016 | M | 4,000 | D | May 21, 2016 | May 21, 2016 | Common Stock | 4,000 | 0 | D |
Explanation of responses
- F1Reflects the automatic redemption of restricted stock units ("RSUs") that became vested on or prior to the 4th anniversary of the grant date. Each vested RSU is automatically redeemed for one share of Issuer common stock on the 4th anniversary of the grant date.
- F2Reflects shares withheld to satisfy the reporting person's tax liability in connection with the automatic redemption of RSUs.
- F3Reflects the date on which vested RSUs become automatically redeemed for an equal number of shares of Issuer common stock.