SEC Form 4 · accession 0001127602-18-025712
AEROJET ROCKETDYNE HOLDINGS, INC. · AJRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A Corcoran
Director
Period of report
Aug 15, 2018
Accepted (ET)
Aug 17, 2018 · 5:32 pm EDT
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 StockF1 | Jun 25, 2018 | G | 1,000 | $0.00 | D | 105,123 | I | Thomas A. Corcoran TTEE U/A DTD 07/16/2001 |
| Common StockF2 | Aug 15, 2018 | A | 483 | $0.00 | A | 5,615 | D | |
| Common StockF3 | Aug 15, 2018 | A | 241 | $0.00 | A | 5,856 | D | |
| Common Stock | Aug 16, 2018 | M | 3,000 | $7.44 | A | 8,856 | D | |
| Common Stock | Aug 16, 2018 | D | 3,000 | $36.01 | D | 5,856 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $7.44 | Aug 16, 2018 | M | 3,000 | D | Mar 25, 2009 | Sep 24, 2018 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F12,287 shares that were previously reported as directly owned on the Reporting Person's Form 4 filed May 17, 2018 have been transferred to the Thomas A. Corcoran TTEE U/A DTD 07/16/2001 Trust since that filing and are now being reported as indirectly owned.
- F2Effective March 24, 2010, the Board of Directors approved a Director Compensation Program which allows Directors 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 received by this Reporting Person in lieu of his annual cash retainer fee paid quarterly.
- 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.