SEC Form 4 · accession 0001127602-17-017574
HAVERTY FURNITURE COMPANIES INC · HVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rawson Haverty Jr.
Officer — Senior Vice President · Director · 10% Owner
Period of report
May 8, 2017
Accepted (ET)
May 10, 2017 · 5:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000216085
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 8, 2017 | M | 1,125 | $0.00 | A | 5,020 | D | |
| Common Stock | May 8, 2017 | M | 605 | $0.00 | A | 5,625 | D | |
| Common Stock | May 8, 2017 | M | 755 | $0.00 | A | 6,380 | D | |
| Common Stock | May 8, 2017 | M | 869 | $0.00 | A | 7,249 | D | |
| Common Stock | May 8, 2017 | F | 1,390 | $25.60 | D | 5,859 | D | |
| Common Stock | May 8, 2017 | S | 3,495 | $25.4283 | D | 2,364 | D | |
| Class A Common Stock | holding | — | — | — | 82,331 | D | ||
| Class A Common StockF1 | holding | — | — | — | 464,323 | I | By H5, LP | |
| Class A Common StockF1 | holding | — | — | — | 464,323 | I | By Pine Hill Associates, LLC | |
| Class A Common Stock | holding | — | — | — | 11,228 | I | Co-ttee Of Tr Fbo Daughter | |
| Class A Common Stock | holding | — | — | — | 5,796 | I | Co-ttee Of Tr Fbo Son | |
| Common Stock | holding | — | — | — | 1,000 | I | Co-ttee Of Tr Fbo Daughter | |
| Common Stock | holding | — | — | — | 1,000 | I | Co-ttee Of Tr Fbo Son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RSUs 2013F2 | — | May 8, 2017 | M | 1,125 | D | — | — | Common Stock | 1,125 | 0 | D |
| RSUs 2014F3 | — | May 8, 2017 | M | 605 | D | — | — | Common Stock | 605 | 605 | D |
| RSUs 2015F4 | — | May 8, 2017 | M | 755 | D | — | — | Common Stock | 755 | 1,510 | D |
| RSUs 2016F5 | — | May 8, 2017 | M | 869 | D | — | — | Common Stock | 869 | 2,604 | D |
| PRSUs 2015F6 | — | holding | — | — | — | — | — | Common Stock | 2,994 | 2,994 | D |
| PRSUs 2016F7 | — | holding | — | — | — | — | — | Common Stock | 3,667 | 3,667 | D |
| RSUs 2017F8 | — | holding | — | — | — | — | — | Common Stock | 3,500 | 3,500 | D |
| Stock Appreciation RightsF9 | $18.14 | holding | — | — | — | — | Jan 24, 2020 | Common Stock | 8,000 | 8,000 | D |
Explanation of responses
- F1These shares are held by H5, LP, a limited partnership ("H5") and are also reported herein by Pine Hill Associates, LLC, a limited liability company ("PH"), the partnership's general partner. Mr. Haverty is the sole manager of PH. Mr. Haverty disclaimes beneficial ownership of shares held by H5 or PH except to the extent of his pecuniary interest therein.
- F2Restricted Stock Units ("RSUs") award granted 1/24/2013 under the 2004 Long-Term Incentive Plan. RSUs vest equally over 4 years, beginning 5/8/2014. Each RSU is equivalent to one share of common stock upon vesting.
- F3Restricted Stock Units ("RSUs") award granted 1/17/2014 under the 2004 Long-Term Incentive Plan. RSUs vest ratably over 4 years, beginning 5/8/2015. Each RSU is equivalent to one share of common stock upon vesting.
- F4Restricted Stock Units ("RSUs") award granted 1/23/2015 under the 2014 Long-Term Incentive Plan. RSUs vest ratably over 4 years, beginning 5/8/2016. Each RSU is equivalent to one share of common stock upon vesting.
- F5Restricted Stock Units ("RSUs") award granted 1/26/2016 under the 2014 Long-Term Incentive Plan. RSUs vest ratably over 4 years, beginning 5/8/2017. Each RSU is equivalent to one share of common stock upon vesting.
- F6Performance Restricted Stock Units ("PRSUs") award granted 1/23/2015 under the 2014 Long-Term Incentive Plan. Each performance unit represents a contingent right to receive one share of the Company's common stock based on the EBITDA for the year ended December 31, 2015. This amount represents the number of performance units earned for fiscal year 2015, which were certified by the Executive Compensation and Employee Benefits Committee on 1/26/2016. The performance units vest on February 28, 2018.
- F7Performance Restricted Stock Units ("PRSUs") award granted 1/26/2016 under the 2014 Long-Term Incentive Plan. Each performance unit represents a contingent right to receive one share of the Company's common stock based on the EBITDA for the year ended December 31, 2016. This amount represents the number of performance units earned for fiscal year 2016, which were certified by the Executive Compensation and Employee Benefits Committee on 1/30/2017. The performance units vest on February 28, 2019.
- F8Restricted Stock Units ("RSUs") award granted 1/30/2017 under the 2014 Long-Term Incentive Plan. RSUs vest ratably over 4 years, beginning 5/8/2018. Each RSU is equivalent to one share of common stock upon vesting.
- F9Stock-Settled Appreciation rights ("SARs") granted under the 2004 Long-Term Incentive Plan. SARs vest in four equal installments, beginning on 5/8/2014, and expire seven years from the grant date.