SEC Form 4 · accession 0001225208-17-000068
DANA Inc · DAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terrence J Keating
Director
Period of report
Dec 30, 2016
Accepted (ET)
Jan 3, 2017 · 3:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000026780
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3,F2,F4 | — | Dec 30, 2016 | A | 1,185 | A | — | — | Common Stock, par value $0.01 | 1,185 | 57,256 | D |
Explanation of responses
- F1Restricted stock units granted as a result of Reporting Person's election to defer a portion of his annual retainer paid for service on issuer's Board of Directors pursuant to the Dana Holding Corporation 2012 Omnibus Incentive Plan.
- F2Each restricted stock unit represents the right to receive (1) one share of common stock or, at the issuer's election, an equivalent cash amount.
- F3The number of restricted stock units credited are as of the last day of the quarter based on the quotient obtained by dividing (a) the dollar amount of the annual retainer earned by reporting person for the quarter by (b) the Market Value Per Share (as defined in the Plan) on the last day of the quarter (with the result being rounded down to the nearest whole number of restricted stock units).
- F4All restricted stock units are fully vested. Settlement occurs the earlier of either (i) the first business day of the calendar month coincident with or next following the date that reporting person terminates service as a director of the issuer, or (ii) the date on which occurs a change in control.