SEC Form 4 · accession 0001014108-17-000042
YRC Worldwide Inc. · YRCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Joseph O'Connor III
Officer — President, USF Reddaway Inc.
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 5:32 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, 2017 | F | 1,453 | $12.56 | D | 45,428 | D | |
| Common Stock | Feb 23, 2017 | F | 3,061 | $12.56 | D | 42,367 | D | |
| Common StockF3 | Feb 24, 2017 | S | 3,000 | $12.61 | D | 39,367 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 23, 2017, 2,776 restricted shares of Mr. O'Connor's Company stock, granted March 9, 2015, vested. On February 23, 2017, Mr. O'Connor automatically surrendered 1,453 of the 2,776 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, 2017, 5,441 restricted shares of Mr. O'Connor's Company stock, earned February 15, 2016, vested. On February 23, 2017, Mr. O'Connor automatically surrendered 3,061 of the 5,441 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.60 to $12.61, inclusive. Mr. O'Connor undertakes to provide to YRC Worldwide Inc., any security holder of YRC Worldwide Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth.