SEC Form 4 · accession 0001628280-18-001919
HUBBELL INC · HUBB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Mais
Officer — Senior VP Human Resources
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000048898
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 15, 2018 | M | 1,564 | $59.95 | A | 16,669 | D | |
| Common StockF1 | Feb 15, 2018 | F | 963 | $135.96 | D | 15,706 | D | |
| Common Stock | Feb 15, 2018 | M | 8,544 | $64.48 | A | 24,250 | D | |
| Common StockF1 | Feb 15, 2018 | F | 5,462 | $135.8375 | D | 18,788 | D | |
| Common StockF2,F3 | Feb 15, 2018 | S | 4,692 | $135.5942 | D | 14,096 | 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 RightF4 | $59.95 | Feb 15, 2018 | M | 1,564 | D | — | Dec 6, 2020 | Common Stock | 1,564 | 0 | D |
| Stock Appreciation RightF4 | $64.48 | Feb 15, 2018 | M | 8,544 | D | — | Dec 5, 2021 | Common Stock | 8,544 | 0 | D |
Explanation of responses
- F1The shares withheld by the Issuer were calculated on the spread between the price of the SAR and the market price on the date the SAR was exercised. The payment of withholding taxes for the SAR that was exercised on this date was also included in this number.
- F2The reporting person undertakes to provide to Hubbell Incorporated, any security holder of Hubbell Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in Footnote 3 to this Form 4.
- F3The average per share price for these 4,692 shares sold was $135.5942 with the lowest per share price being $135.35 and the highest per share price being $135.918 per share.
- F433 1/3% on first anniversary date of grant; 33 1/3% on second anniversary date of grant; balance on third anniversary date of grant.