SEC Form 4 · accession 0000706688-16-000244
AARON'S INC · AAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Robinson
Officer — Chief Executive Officer · Director
Period of report
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 6:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000706688
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 26, 2016 | A | 57,450 | $0.00 | A | 199,495 | D | |
| Common StockF2,F3 | Feb 26, 2016 | A | 112,042 | $0.00 | A | 311,537 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F4 | $22.64 | Feb 26, 2016 | A | 182,250 | A | Mar 15, 2017 | Feb 26, 2026 | Common Stock | 182,250 | 182,250 | D |
Explanation of responses
- F1Restricted Stock Unit grant vests one-third each year over a three year period beginning March 15, 2017
- F2On February 26, 2016 the Compensation Committee determined the goals were met for the shares reported. The shares vest one-third each year over a three year period beginning March 15, 2016.
- F3Included in the amount of securities beneficially owned following the transaction are 258,205 unvested restricted units.
- F4Option vests one-third each year over a three year period beginning on March 15, 2017.