SEC Form 4 · accession 0001209191-17-042913
Elah Holdings, Inc. · ELLH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raj Maheshwari
Director
Period of report
Jul 3, 2017
Accepted (ET)
Jul 3, 2017 · 8:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000038984
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 3, 2017 | A | 3,929 | $0.00 | A | 88,416 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock underlying 3,929 fully vested Restricted Stock Units ("RSUs") issued to Mr. Maheshwari under the Real Industry, Inc. Amended and Restated 2015 Equity Award Plan in lieu of his cash Board service fees for the third quarter of 2017. Mr. Maheshwari has irrevocably elected to receive 100% of his Board service fees for 2017 (including cash retainer fees for his service as a director and any other cash Board service fees that may be payable during 2017) in the form of RSUs pursuant to a policy where non-management Directors may elect to receive RSUs calculated at the closing stock price as of the date of grant in lieu of some or all of their cash Board service fees. Such RSUs are issued on a quarterly basis on the first business day of the quarter. The RSUs are immediately vested and have been converted to common stock on the issuance date.
- F2The number of shares represents $11,000, granted in lieu of 100% of the third quarter installment of Mr. Maheshwari's 2017 Board service fees, divided by the closing price of the Company's common stock on the scheduled date of the Board service fee payment.