SEC Form 4 · accession 0001209191-15-031477
GENUINE PARTS CO · GPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy P Breen
Officer — Executive Vice President
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000040987
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1,F2 | $91.75 | Apr 1, 2015 | A | 7,390 | A | Apr 1, 2016 | Apr 1, 2025 | Common Stock | 7,390 | 7,390 | D |
| Employee Stock Option (Right to Buy)F1,F2 | $91.75 | Apr 1, 2015 | A | 7,390 | A | Apr 1, 2016 | Apr 1, 2025 | Common Stock | 7,390 | 7,390 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Apr 1, 2015 | A | 3,270 | A | — | — | Common Stock | 3,270 | 3,270 | D |
Explanation of responses
- F1The stock appreciation right and the employee stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other.
- F2The stock appreciation rights vest 1/3 per year beginning on the first anniversary of the grant date provided the reporting person is still employed on those dates, subject to earlier vesting in certain events.
- F3Each restricted stock unit represents a contingent right to receive one share of GPC common stock at a future date.
- F4The restricted stock units will be earned on December 31, 2015 provided certain pre-tax profit targets are achieved by GPC for fiscal year 2015. If earned, the units will vest and convert to shares of common stock on December 1, 2019 provided the reporting person is still employed on that date, subject to earlier vesting in certain events.