SEC Form 4 · accession 0000716006-15-000019
YRC Worldwide Inc. · YRCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L Welch
Officer — Chief Executive Officer
Period of report
Feb 25, 2015
Accepted (ET)
Feb 26, 2015 · 5:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000716006
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 25, 2015 | F | 27,848 | $20.00 | D | 470,630 | D | |
| Common Stock | Feb 25, 2015 | F | 7,742 | $20.00 | D | 462,888 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 25, 2015, 60,030 restricted shares of Mr. Welch's previously-granted Company stock vested. On the same date, Mr. Welch automatically surrendered 27,848 of the 60,030 newly-vested shares to the Company to satisfy the tax withholding obligations triggered upon the February 25th vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.
- F2On February 25, 2015, 16,667 restricted shares of Mr. Welch's previously-granted Company stock vested. On the same date, Mr. Welch automatically surrendered 7,742 of the 16,667 newly-vested shares to the Company to satisfy the tax withholding obligations triggered upon the February 25th vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.