SEC Form 4 · accession 0001014108-18-000041
YRC Worldwide Inc. · YRCW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Loren Robert Stone
Officer — President, USF Reddaway Inc.
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 8:21 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 | 914 | $9.36 | D | 19,798 | D | |
| Common Stock | Feb 23, 2018 | F | 466 | $9.36 | D | 19,332 | D | |
| Common Stock | Feb 26, 2018 | F | 1,083 | $9.42 | D | 18,249 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 23, 2018, 1,702 performance stock units of Mr. Stone's Company stock, granted March 9, 2015 and earned February 15, 2016, vested. On February 23, 2018, Mr. Stone automatically surrendered 914 of the 1,702 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, 868 restricted shares of Mr. Stone's Company stock, granted March 9, 2015, vested. On February 23, 2018, Mr. Stone automatically surrendered 466 of the 868 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, 2,018 restricted shares of Mr. Stone's Company stock, granted February 26, 2016, vested. On February 26, 2018, Mr. Stone automatically surrendered 1,083 of the 2,018 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.