SEC Form 4 · accession 0001657837-16-000083
ARROW ELECTRONICS, INC. · ARW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen C Patrick
Director
Period of report
May 12, 2016
Accepted (ET)
May 13, 2016 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000007536
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | May 12, 2016 | A | 2,486 | A | — | — | Common Stock | 2,486 | 32,096 | D |
Explanation of responses
- F1Restricted Stock Units settled by (i) the issuance of shares of Common Stock on a one-for-one basis at either of the following (as chosen by the Grantee): (a) on the first anniversary date of the Grant Date, or (b) on the second business day following the date that the Company next files its quarterly or annual financial statements (as applicable) with the U.S. Securities and Exchange Commission that follows the date of the Grantee's "separation from service" (within the meaning of Section 409A of the Internal Revenue Code), provided that the Restriction Period shall end no later than the last day of the calendar year in which the Grantee separates from service on the Board; (ii) payment of the fair market value of an equivalent number of shares of common stock following a change in control; or (iii) thirty days after the Grantee dies or becomes disabled.