SEC Form 4 · accession 0001140361-15-008850
MAGNETEK, INC. · MAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott S Cramer
Officer — VP, General Counsel & Corp Sec
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 12:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000751085
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2015 | A | 1,553 | $0.00 | A | 14,437 | D | |
| Common StockF2 | Feb 24, 2015 | F | 626 | $38.90 | D | 13,811 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 12, 2012, the reporting person was granted rights to a number of performance-based shares that were subject to vesting based upon achievement of growth in the Company's enterprise value from fiscal year 2012 through fiscal year 2014. Attainment of the performance metrics was certified by the Compensation Committee on February 23, 2015, resulting in the reported number of performance-based shares vesting.
- F2Withholding of shares to cover taxes due on restricted performance-based shares that vested on 2/23/2015.