SEC Form 4 · accession 0001014108-16-000450
YRC Worldwide Inc. · YRCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott D. Ware
Officer — President, USF Holland
Period of report
May 23, 2016
Accepted (ET)
May 25, 2016 · 11:17 am EDT
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 | May 23, 2016 | F | 1,155 | $8.41 | D | 60,956 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 22, 2016, 2,500 restricted shares of Mr. Ware's newly-granted stock vested. On May 23, 2016, Mr. Ware automatically surrendered 1,155 of the 2,500 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the May 22nd 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.