SEC Form 4 · accession 0001014108-16-000394
YRC Worldwide Inc. · YRCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Robert Foust
Officer — President, New Penn Motor Exp.
Period of report
Feb 23, 2016
Accepted (ET)
Feb 24, 2016 · 6:22 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 23, 2016 | F | 762 | $8.12 | D | 36,645 | D | |
| Common Stock | Feb 23, 2016 | F | 1,493 | $8.12 | D | 35,152 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 23, 2016, 2,128 restricted shares of Mr. Foust's Company stock, granted March 9, 2015, vested. On February 23, 2016, Mr. Foust automatically surrendered 762 of the 2,128 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the February 23rd 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 23, 2016, 4,171 restricted shares of Mr. Foust's Company stock, granted February 15, 2016, vested. On February 23, 2016, Mr. Foust automatically surrendered 1,493 of the 4,171 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the February 23rd 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.