SEC Form 4 · accession 0001014108-17-000058
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 27, 2017
Accepted (ET)
Mar 1, 2017 · 5:05 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 27, 2017 | F | 1,611 | $12.58 | D | 51,261 | D | |
| Common StockF2 | Feb 27, 2017 | S | 10,000 | $12.74 | D | 41,261 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 26, 2017, 4,499 restricted shares of Mr. Foust's Company stock, granted February 26, 2016, vested. On February 27, 2017, Mr. Foust automatically surrendered 1,611 of the 4,499 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the February 26th 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.69 to $12.83, inclusive. Mr. Foust 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.