SEC Form 4 · accession 0001209191-15-075050
METHODE ELECTRONICS INC · MEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Elias Khoury
Officer — Vice President
Period of report
Oct 7, 2015
Accepted (ET)
Oct 9, 2015 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000065270
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 7, 2015 | A | 135,000 | — | A | 288,600 | D | |
| Common StockF2 | Oct 7, 2015 | A | 60,000 | — | A | 153,600 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options | $8.64 | holding | — | — | — | Jul 2, 2015 | Jul 2, 2022 | Common Stock | 4,000 | 4,000 | D |
| Options | $17.27 | holding | — | — | — | Jul 1, 2016 | Jul 1, 2023 | Common Stock | 12,000 | 12,000 | D |
| Options | $37.01 | holding | — | — | — | Jul 7, 2017 | Jul 7, 2024 | Common Stock | 12,000 | 12,000 | D |
Explanation of responses
- F1Restricted Stock Award granted under the terms of the Methode Electronics, Inc. 2014 Omnibus Incentive Plan. The restricted stock will be eligible to be earned based on the Company's fiscal 2020 EBITDA, subject to certain adjustments
- F2Restricted Stock Units granted under the terms of the Methode Electronics, Inc. 2014 Omnibus Incentive Plan. The Restricted Stock Units are subject to a five-year vesting period, with 30% vesting on 4/28/2018, 30% vesting on 4/27/2019 and 40% vesting on 5/2/2020.