SEC Form 4 · accession 0001014108-18-000032
YRC Worldwide Inc. · YRCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L Welch
Officer — Chief Executive Officer · Director
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 6:26 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, 2018 | F | 20,532 | $9.36 | D | 525,528 | D | |
| Common Stock | Feb 23, 2018 | F | 10,466 | $9.36 | D | 515,062 | D | |
| Common Stock | Feb 26, 2018 | F | 22,124 | $9.42 | D | 492,938 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 23, 2018, 46,252 performance stock units of Mr. Welch's Company stock, granted March 9, 2015 and earned February 15, 2016, vested. On February 23, 2018, Mr. Welch automatically surrendered 20,532 of the 46,252 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 performance stock units.
- F2On February 23, 2018, 23,598 restricted shares of Mr. Welch's Company stock, granted March 9, 2015, vested. On February 23, 2018, Mr. Welch automatically surrendered 10,466 of the 23,598 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.
- F3On February 26, 2018, 49,883 restricted shares of Mr. Welch's Company stock, granted February 26, 2016, vested. On February 26, 2018, Mr. Welch automatically surrendered 22,124 of the 49,883 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.