SEC Form 4 · accession 0000914190-16-000594
ARCTIC CAT INC · ACAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Briton Reich
Officer — VP of North American Sales
Period of report
Apr 1, 2016
Accepted (ET)
Apr 4, 2016 · 5:41 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 StockF1,F2 | Apr 1, 2016 | A | 1,762 | $0.00 | A | 13,519 | 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 | 13,216 | A | — | Apr 1, 2026 | Common Stock | 13,216 | 13,216 | D |
| Stock Option (Right to Buy)F3 | $19.90 | holding | — | — | — | — | Oct 23, 2025 | Common Stock | 12,719 | 12,719 | D |
Explanation of responses
- F1Represents 1,762 restricted stock units ("RSUs") underlying a long-term incentive award that vest as to 587 shares on 4/1/17, 588 shares on 4/1/18 and 587 shares on 4/1/19. Each RSU represents a contingent right to receive one share of Arctic Cat Inc. common stock.
- F2Includes (i) 1,695 restricted stock units that vest as to 565 shares on each of 10/23/16, 10/23/17 and 10/23/18; (ii) 7,062 restricted stock units that vest 2,354 shares on each of 2/5/17, 2/5/18, and 2/5/19; and (iii) 1,762 restricted stock units that vest as to 587 shares on 4/1/17, 588 shares on 4/1/18 and 587 shares on 4/1/19.
- F3Vests as to 4,240 shares on 10/23/16, 4,239 shares on 10/23/17 and 4,240 shares on10/23/18.
- F4Vests as to 4,405 shares on 4/1/17, 4,406 shares on 4/1/18 and 4,405 shares on 4/1/19.