SEC Form 4 · accession 0001225208-15-010898
DANA Inc · DAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D Pyle
Officer — Pres, Light Vehicle Driveline
Period of report
May 1, 2015
Accepted (ET)
May 4, 2015 · 12:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000026780
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 | May 1, 2015 | M | 10,650 | $0.00 | A | 10,650 | D | |
| Common Stock, par value $0.01 | May 1, 2015 | M | 356 | $0.00 | A | 11,006 | D | |
| Common Stock, par value $0.01F1 | May 1, 2015 | D | 11,006 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF2,F3 | — | May 1, 2015 | M | 356 | D | — | — | Common Stock, par value $0.01 | 356 | 466 | D |
| Restricted Stock UnitsF4,F5 | $14.67 | May 1, 2015 | M | 10,650 | D | May 1, 2015 | — | Common Stock, par value $0.01 | 10,650 | 0 | D |
Explanation of responses
- F1Represents the total number of restricted stock units and dividend equivalent units, which vested and were cash settled.
- F2The dividend equivalent rights accrued on restricted stock units previously granted and become exercisable proportionately with the restricted stock units to which they relate. Each restricted stock unit granted represents the right to receive one share of Dana common stock or, at the election of Dana, cash equal to the market value per share. Restricted stock units for Reporting Person will be cash settled.
- F3Dividend equivalent rights accrued on previously granted restricted stock units and become exercisable proportionately with the restricted stock units to which they relate, which have vested.
- F4Each restricted stock unit granted represents the right to receive one share of Dana common stock or, at the election of Dana, cash equal to the market value per share. Each restricted stock unit contains dividend equivalent rights. Restricted stock units for Reporting Person will be cash settled.
- F5Restricted stock units granted cliff vest three (3) years from date of grant.