SEC Form 4 · accession 0000706688-18-000042
AARON'S INC · AAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas A Lindsay
Officer — President Aaron's Business
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 4:46 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 | Mar 2, 2018 | A | 13,548 | $47.26 | A | 49,158 | D | |
| Common StockF2 | Mar 2, 2018 | A | 7,170 | $47.26 | A | 56,328 | 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)F3 | $47.26 | Mar 2, 2018 | A | 22,680 | A | Mar 7, 2019 | Mar 2, 2028 | Common Stock | 22,680 | 22,680 | D |
Explanation of responses
- F1On March 2, 2018, the Compensation Committee of the Issuer's Board of Directors determined these performance shares were earned, based on the level of attainment of various financial performance goals. These shares, which were granted in February 2017, are expected to vest in three equal increments on each of March 15, 2018, 2019 and 2020, subject to the grant agreement between the Issuer and the Reporting Person.
- F2Restricted stock award which is expected to vest in three equal increments on each of March 7, 2019, 2020 and 2021, subject to the grant agreement between the Issuer and the Reporting Person.
- F3Stock option award is expected to vest in three equal increments on each of March 7, 2019, 2020 and 2021, subject to the grant agreement between the Issuer and the Reporting Person.