SEC Form 4 · accession 0000914190-16-000548
ARCTIC CAT INC · ACAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley D Darling
Officer — VP-GM, Snowmobile Division
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 5:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719866
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 26, 2016 | S | 19,101 | $15.782 | D | 35,866 | D | |
| Common Stock | holding | — | — | — | 200 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $43.79 | holding | — | — | — | — | Apr 2, 2022 | Common Stock | 7,136 | 7,136 | D |
| Stock Option (Right to Buy)F4 | $42.99 | holding | — | — | — | — | Apr 1, 2023 | Common Stock | 8,068 | 8,068 | D |
| Stock Option (Right to Buy)F5 | $47.52 | holding | — | — | — | — | Apr 1, 2024 | Common Stock | 8,088 | 8,088 | D |
| Stock Option (Right to Buy)F6 | $31.51 | holding | — | — | — | — | May 14, 2025 | Common Stock | 11,424 | 11,424 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.7691 to $15.8100 inclusive. The reporting person undertakes to provide Arctic Cat Inc., any security holder of Arctic Cat 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 range set forth in this footnote.
- F2Includes (i) 359 shares of restricted stock units that vest on 4/1/16; (ii) 719 shares of restricted stock units that vest 360 shares on 4/1/16 and 359 shares on 4/1/17; (iii) 1,250 shares of restricted stock units that vest on 3/31/16; (iv) 3,000 shares of restricted stock units that vest 1,500 shares on 11/17/16 and 11/17/17; (v) 1,523 shares of restricted stock units that vest 508 shares on 5/14/16 and 5/14/18 and 507 shares on 5/14/17; and (vi) 13,541 shares of restricted stock units that vest 4,514 shares on 2/5/17 and 2/5/19 and 4,513 shares on 2/5/18.
- F3Fully exercisable.
- F4Vests in three equal annual installments beginning April 1, 2014.
- F5Vests in three equal annual installments beginning April 1, 2015.
- F6Vests in three equal annual installments beginning May 14, 2016.