SEC Form 4 · accession 0001225208-18-003314
DANA Inc · DAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dwayne Matthews
Officer — Pres - Power Technologies Grp
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:31 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 $0.01F1 | Feb 15, 2018 | A | 12,963 | $28.41 | A | 55,718 | D | |
| Common Stock, par value $0.01F2 | Feb 15, 2018 | F | 3,157 | $28.41 | D | 52,561 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4,F5 | — | Feb 15, 2018 | A | 17,071 | A | Feb 15, 2021 | — | Common Stock, par value $0.01 | 17,071 | 17,071 | D |
Explanation of responses
- F1Represents the acquisition of common stock resulting from the vesting of performance shares.
- F2Represents shares withheld to satisfy tax obligations upon vesting of performance shares.
- F3Restricted stock units granted pursuant to the Dana Incorporated 2017 Omnibus Incentive Plan.
- 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.
- F5Restricted 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.