SEC Form 4 · accession 0000914190-16-000589
ARCTIC CAT INC · ACAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Okerlund
Officer — VP - Legal Affairs
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 5:38 pm EDT
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 Stock | Mar 31, 2016 | F | 486 | $16.80 | D | 8,321 | D | |
| Common StockF1,F2 | Apr 1, 2016 | A | 1,179 | $0.00 | A | 9,500 | D |
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)F4 | $16.74 | Apr 1, 2016 | A | 8,848 | A | — | Apr 1, 2026 | Common Stock | 8,848 | 8,848 | D |
| Stock Option (Right to Buy)F3 | $31.51 | holding | — | — | — | — | May 14, 2025 | Common Stock | 4,046 | 4,046 | D |
Explanation of responses
- F1Represents 1,179 restricted stock units ("RSUs") underlying a long-term incentive award that vest as to 393 shares on each of 4/1/17, 4/1/18 and 4/1/19. Each RSU represents a contingent right to receive one share of Arctic Cat Inc. common stock.
- F2Includes (i) 1,000 shares of restricted stock that vest on 11/12/16; (ii) 539 shares of restricted stock units that vest 180 shares on 5/14/16 and 5/14/18 and 179 shares on 5/14/17; (iii) 4,766 restricted stock units that vest 1,589 shares on 2/5/17, 1,588 shares on 2/5/18 and 1,589 shares on 2/5/19; and (iv) 1,179 shares of restricted stock units that vest 393 shares on each of 4/1/17, 4/1/18 and 4/1/19.
- F3Vests 1,349 shares on 5/14/16 and 5/14/18 and 1,348 shares on 5/14/17.
- F4Vests 2,949 shares on 4/1/17, 2,950 shares on 4/1/18 and 2,949 shares on 4/1/19.