SEC Form 4 · accession 0001014108-16-000480
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
Aug 11, 2016
Accepted (ET)
Aug 12, 2016 · 5:20 pm 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 | Aug 11, 2016 | F | 1,525 | $11.49 | D | 47,126 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 11, 2016, 5,000 restricted shares of Mr. Foust's Company stock, granted August 18, 2014, vested. On August 11, 2016, Mr. Foust automatically surrendered 1,525 of the 5,000 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the August 11th 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.