SEC Form 4 · accession 0000215419-16-000137
CHECKPOINT SYSTEMS INC · CKP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph G Driscoll
Officer — Chief Accounting Officer
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 7:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000215419
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 29, 2016 | F | 325 | $7.235 | D | 539 | D | |
| Common StockF1 | Feb 29, 2016 | F | 337 | $7.235 | D | 560 | D | |
| Common StockF1 | Feb 29, 2016 | F | 376 | $7.235 | D | 624 | 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 | $0.00 | Feb 29, 2016 | A | 5,600 | A | — | — | Common Stock | 5,600 | 5,600 | D |
| Performance RightsF3 | $0.00 | Feb 29, 2016 | A | 5,600 | A | — | — | Common Stock | 5,600 | 5,600 | D |
Explanation of responses
- F1Represents the automatic withholding by the issuer to satisfy the reporting person's tax obligation associated with the vesting of the restricted stock units.
- F2Each restricted stock unit represents the right to receive one share of CKP common stock. The restricted stock unit will vest in three equal installments beginning February 29, 2017.
- F3Each performance share represents a contingent right to receive 0 to 1.5 times the number of targeted performance shares in company stock. Performance share award cliff vest on the third anniversary of the date of grant, based on Checkpoint's total shareholder return relative to its peer group.