SEC Form 4 · accession 0001209191-17-056003
Elah Holdings, Inc. · ELLH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William K Hall
Director
Period of report
Oct 2, 2017
Accepted (ET)
Oct 4, 2017 · 7:01 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 | Oct 2, 2017 | A | 2,703 | $0.00 | A | 51,477 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock underlying 2,703 fully vested Restricted Stock Units ("RSUs") issued to Mr. Hall under the Real Industry, Inc. Amended and Restated 2015 Equity Award Plan in lieu of his cash Board service fees for the fourth quarter of 2017. Mr. Hall has irrevocably elected to receive 31.25% of his Board service fees for 2017 (including cash retainer fees for his service as a director and committee chairman 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 will convert to common stock upon Mr. Hall's termination of service to the Board.
- F2The number of shares represents $5,000, granted in lieu of 31.25% of the fourth quarter installment of Mr. Hall'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.