SEC Form 4 · accession 0001181431-15-006258
PEP BOYS MANNY MOE & JACK · PBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Ross Stern
Officer — EVP - Chief Financial Officer
Period of report
Apr 28, 2015
Accepted (ET)
Apr 30, 2015 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077449
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Apr 28, 2015 | A | 9,071 | — | A | 54,223 | D | |
| Common StockF1 | holding | — | — | — | 4,162 | D | ||
| Common StockF7 | holding | — | — | — | 351 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F3,F4 | $9.25 | Apr 28, 2015 | A | 53,488 | A | — | Apr 28, 2022 | Common Stock | 53,488 | 53,488 | D |
| ROIC Performance-Based AwardF3,F5 | — | Apr 28, 2015 | A | 12,094 | A | — | — | Common Stock | 18,141 | 12,094 | D |
| TSR Performance-Based AwardF3,F6 | — | Apr 28, 2015 | A | 6,047 | A | — | — | Common Stock | 10,582 | 6,047 | D |
Explanation of responses
- F1Represents the number of shares held in the Reporting Person's account under The Pep Boys Deferred Compensation Plan.
- F2Represents restricted stock units, which represent the right to receive an equal number of shares of common stock.
- F3Not applicable.
- F4One third of such options will become exercisable on each of the first three anniversaries of the date of grant.
- F5Each ROIC Performance-Based Award will vest on April 28, 2018 if the Issuer's return on invested capital for fiscal year 2017 is between 3% and 5% into between one-half and and one and one-half shares of common stock, respectively.
- F6Each TSR Performance-Based Award will vest on April 28, 2018 if the Issuer's total shareholder return over the three-year period that includes the Issuer's fiscal years 2015, 2016 and 2017 is between the 33rd and 80th percentile of its customized executive compensation peer group into between one-half and and one and three-quarters shares of common stock, respectively.
- F7Represents the number of shares held in the Reporting Person's account under The Pep Boys Savings Plan, as reflected in his last plan statement.