SEC Form 4 · accession 0001209191-17-025592
FNB CORP/PA/ · FNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert M Moorehead
Officer — Chief WholesaleBanking Officer
Period of report
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000037808
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 3, 2017 | A | 5,579 | — | A | 22,012 | D | |
| Common StockF2 | Apr 3, 2017 | F | 1,700 | — | D | 20,312 | 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 UnitsF4,F3 | — | Apr 3, 2017 | M | 2,769 | D | Mar 31, 2017 | Mar 31, 2017 | Common Stock | 2,769 | 0 | D |
| Restricted Stock UnitsF5 | — | Apr 3, 2017 | A | 6,925 | D | Apr 3, 2020 | Apr 3, 2020 | Common Stock | 6,925 | 6,925 | D |
Explanation of responses
- F15,579 shares vested from the 2014 Long Term Incentive Plan. 2,769 shares were Time-Based and 2,810 shares were Performance-Based.
- F2From the above mentioned vesting, 1,700 shares were used to cover the tax portion. 815 shares for the Time-Based award and 885 shares for the Performance-Based award.
- F3Converted into common stock on one-to-one basis upon satisfaction of vesting conditions.
- F4Includes 21 units acquired under the F.N.B. Corporation Dividend Reinvestment Plan in 2017.
- F5Representing contingent right to receive one share of common stock per restricted stock unit upon satisfaction of vesting conditions.