SEC Form 4 · accession 0001225208-17-005003
DANA Inc · DAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Wallace
Officer — EVP & Pres Comm Veh Drive Tech
Period of report
Feb 25, 2017
Accepted (ET)
Feb 28, 2017 · 7:33 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, 2017 | M | 30,721 | $0.00 | A | 153,566 | D | |
| Common Stock, par value $0.01 | Feb 25, 2017 | M | 1,205 | $0.00 | A | 154,771 | D | |
| Common Stock, par value $0.01F1 | Feb 25, 2017 | F | 9,929 | $19.01 | D | 144,842 | 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 | — | Feb 25, 2017 | M | 1,205 | D | — | — | Common Stock, par value $0.01 | 1,205 | 1,514 | D |
| Restricted Stock UnitsF3,F4 | — | Feb 25, 2017 | M | 30,721 | D | Feb 25, 2017 | — | Common Stock, par value $0.01 | 30,721 | 0 | D |
Explanation of responses
- F1Represents the total number of shares of common stock withheld for the Reporting Person's tax obligation.
- F2Dividend 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.
- F3Each 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.
- F4Restricted stock units granted cliff vest three (3) years from date of grant.