SEC Form 4 · accession 0000763744-16-000339
LCI INDUSTRIES · LCII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Lippert
Officer — Chief Executive Officer · Director
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 4:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000763744
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 10, 2016 | M | 4,861 | $0.00 | A | 135,572 | D | |
| Common Stock | Feb 10, 2016 | F | 2,284 | $55.22 | D | 133,288 | D | |
| Common StockF2,F3 | Feb 10, 2016 | M | 17,568 | $0.00 | A | 150,856 | D | |
| Common Stock | Feb 10, 2016 | F | 8,257 | $55.22 | D | 142,599 | D | |
| Common StockF4,F5 | Feb 10, 2016 | M | 35,453 | $0.00 | A | 178,052 | D | |
| Common Stock | Feb 10, 2016 | F | 16,662 | $55.22 | D | 161,390 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF1,F6 | $0.00 | Feb 10, 2016 | M | 4,861 | D | Feb 10, 2016 | Feb 10, 2016 | Common Stock | 4,861 | 51,846 | D |
| Deferred Stock UnitsF7,F6 | $0.00 | Feb 10, 2016 | A | 2,127 | A | Mar 1, 2017 | Mar 1, 2017 | Common Stock | 2,127 | 43,581 | D |
| Deferred Stock UnitsF6,F8 | $0.00 | Feb 10, 2016 | A | 16,272 | A | Mar 1, 2017 | Mar 1, 2019 | Common Stock | 16,273 | 70,245 | D |
| Performance Stock AwardsF2,F3 | $0.00 | Feb 10, 2016 | M | 17,567 | D | Feb 10, 2016 | Feb 10, 2017 | Common Stock | 17,568 | 105,096 | D |
| Performance Stock AwardsF4,F5 | $0.00 | Feb 10, 2016 | M | 35,453 | D | Feb 10, 2016 | Feb 10, 2016 | Common Stock | 35,453 | 69,643 | D |
| Performance Stock AwardsF9 | $0.00 | Feb 10, 2016 | A | 33,037 | A | Mar 1, 2019 | Mar 1, 2019 | Common Stock | 33,038 | 102,680 | D |
Explanation of responses
- F1Performance-based Deferred Stock Units vested based on growth in earnings per share and converted to Common Stock in accordance with their terms.
- F2Shares of Common Stock were issued to Mr. Lippert in accordance with his Amended and Restated Executive Employment and Non-Competition Agreement dated February 26, 2013. The sale of these shares of Common Stock is restricted for a period of one year from the award date.
- F3Includes 567 shares received as a result of a special cash dividend of $2.00 per share paid to holders of registrant's common stock on April 10, 2015. In accordance with the registrant's Equity Award and Incentive Plan, holders of deferred stock units received additional deferred stock units equivalent to $2.00 per deferred stock unit held on April 10, 2015.
- F4Shares of Common Stock were issued to Mr. Lippert in accordance with his Amended and Restated Executive Employment and Non-Competition Agreement dated February 26, 2013.
- F5Includes 2,453 shares received as a result of a special cash dividend of $2.00 per share paid to holders of registrant's common stock on April 10, 2015. In accordance with the registrant's Equity Award and Incentive Plan, holders of deferred stock units received additional deferred stock units equivalent to $2.00 per deferred stock unit held on April 10, 2015.
- F6Each Deferred Stock Unit represents a contingent right to receive one share of DW Common Stock.
- F7Deferred Stock Units were granted to Mr. Lippert in lieu of cash compensation of $117,441 in accordance with his Executive Employment Agreement dated February 26, 2015 and related 2015 Management Incentive Plan.
- F8These Deferred Stock Units vest on March 1 at the rate of one third per year for 3 years.
- F9These Performance Stock Awards represent a contingent right to receive shares of DW Common Stock based on cumulative growth in earnings per share over two years, and vesting on March 1, 2019.