SEC Form 4 · accession 0001127602-15-018504
EXPEDITORS INTERNATIONAL OF WASHINGTON INC · EXPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey S Musser
Officer — President and CEO · Director
Period of report
May 21, 2015
Accepted (ET)
May 26, 2015 · 2:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000746515
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 13, 2015 | G | 4,317 | $0.00 | D | 4,045 | D | |
| Common Stock | May 13, 2015 | G | 4,317 | $0.00 | A | 142,838 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3,F2 | $47.27 | May 21, 2015 | A | 100,000 | A | May 21, 2018 | May 21, 2025 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Shares were gifted to The Musser Family Trust.
- F2The option vests in three installments: 50% on the third anniversary of the date of grant, 25% on the fourth anniversary and 25% on the fifth anniversary.
- F3Employee Stock Options were granted at no cost pursuant to Expeditors International of Washington, Inc.'s 2015 Stock Option Plan.