SEC Form 4 · accession 0001225208-17-003693
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
Feb 25, 2016
Accepted (ET)
Feb 17, 2017 · 1:24 pm EST
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 | Feb 25, 2016 | M | 9,651 | $0.00 | A | 9,651 | D | |
| Common Stock, par value $0.01 | Feb 25, 2016 | M | 312 | $0.00 | A | 9,963 | D | |
| Common Stock, par value $0.01 | Feb 25, 2016 | D | 9,963 | $12.05 | 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 RightsF1 | — | Feb 25, 2016 | M | 312 | D | — | — | Common Stock, par value $0.01 | 312 | 635 | D |
| Restricted Stock UnitsF2,F3 | $16.19 | Feb 25, 2016 | M | 9,651 | D | Feb 25, 2016 | — | Common Stock, par value $0.01 | 9,651 | 0 | D |
| Restricted Stock UnitsF4,F5,F6 | — | Feb 15, 2017 | A | 24,667 | A | Feb 15, 2020 | — | Common Stock, par value $0.01 | 24,667 | 24,667 | D |
Explanation of responses
- F1The 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.
- F2Each 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 were cash settled.
- F3Restricted stock units granted cliff vest three (3) years from date of grant. Restricted stock units for reporting person were cash settled.
- F4Restricted stock units granted pursuant to the Dana Holding Corporation 2012 Omnibus Incentive Plan.
- F5Each 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.
- F6Restricted stock units cliff vest three (3) years from the date of grant. Reporting person may elect to surrender a portion of their unvested grant to fulfill any tax obligation related to such grant.