SEC Form 4 · accession 0000721683-17-000139
TOTAL SYSTEM SERVICES INC · TSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia A Watson
Officer — Senior EVP and CIO
Period of report
Nov 16, 2017
Accepted (ET)
Nov 20, 2017 · 10:00 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000721683
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 16, 2017 | M | 9,259 | $46.31 | A | 21,112 | D | |
| Common Stock | Nov 16, 2017 | S | 7,457 | $73.988 | D | 13,655 | D | |
| Common Stock | Nov 16, 2017 | M | 9,259 | $46.31 | A | 22,914 | D | |
| Common Stock | Nov 16, 2017 | S | 7,459 | $74.001 | D | 15,455 | D | |
| Common Stock | Nov 16, 2017 | M | 10,967 | $44.48 | A | 26,422 | D | |
| Common StockF2 | Nov 16, 2017 | S | 8,692 | $74.025 | D | 17,730 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $46.31 | Nov 16, 2017 | M | 18,518 | D | Feb 27, 2016 | Feb 26, 2025 | Common Stock | 18,518 | 9,122 | D |
| Employee Stock Option (right to buy)F4 | $44.48 | Nov 16, 2017 | M | 10,967 | D | Feb 26, 2017 | Feb 25, 2026 | Common Stock | 10,967 | 22,269 | D |
Explanation of responses
- F1This sale of shares was made in order to pay the exercise price and the withholding taxes in connection with the exercise of employee stock options.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.018 to $74.07, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer 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.
- F3The stock option grant provided for vesting of the options in three annual equal installments on February 27, 2016, February 27, 2017 and February 27, 2018.
- F4The stock option grant provided for vesting of the options in three annual equal installments on February 26, 2017, February 26, 2018 and February 26, 2019.