SEC Form 4 · accession 0000921895-16-003027
AEROJET ROCKETDYNE HOLDINGS, INC. · AJRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Warren G Lichtenstein
Director
Period of report
Jan 15, 2016
Accepted (ET)
Jan 19, 2016 · 4:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000040888
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.10F1,F2 | Jan 15, 2016 | A | 1,829 | $0.00 | A | 67,839 | I | By Rabbi Trust |
| Common Stock, Par Value $0.10F2,F3 | Jan 15, 2016 | A | 914 | $0.00 | A | 68,753 | I | By Rabbi Trust |
| Common Stock, Par Value $0.10F4 | holding | — | — | — | 5,000 | I | By Steel Partners, Ltd. | |
| Common Stock, Par Value $0.10 | holding | — | — | — | 65,742 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective March 24, 2010, the Board of Directors approved a Director Compensation Program which allows Directors to elect to receive Aerojet Rocketdyne Holdings, Inc. common stock in lieu of their cash compensation. The number of shares of common stock shown reflects the common stock this Reporting Person is entitled to receive in lieu of his annual cash retainer fee paid quarterly.
- F2Shares of common stock held by a "rabbi trust" receipt of which has been deferred by this Reporting Person pursuant to the Aerojet Rocketdyne Holdings, Inc. Deferred Compensation Plan for Nonemployee Directors.
- F3Pursuant to the Director Compensation Program, if a Director elects to receive common stock in lieu of at least 50% of his cash compensation, the Company will grant restricted shares equal in value to 50% of the amount of cash compensation he elects to receive in common stock. Such restricted shares will vest on the earlier of (i) the date of the Director's retirement from the Board, and (ii) one year after the grant date. The number of shares of common stock shown reflects the grant of restricted shares.
- F4Mr. Lichtenstein, as the Chief Executive Officer and sole director of Steel Partners, Ltd. ("SPL"), may be deemed to beneficially own the shares of common stock owned directly by SPL. Mr. Lichtenstein disclaims beneficial ownership of the shares of common stock of the Issuer owned directly by SPL except to the extent of his pecuniary interest therein.