SEC Form 4 · accession 0001181431-15-006264
PEP BOYS MANNY MOE & JACK · PBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F Flanagan
Officer — SVP- Chief HR Officer
Period of report
Apr 28, 2015
Accepted (ET)
Apr 30, 2015 · 4:19 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 StockF1,F2 | Apr 28, 2015 | A | 5,697 | — | A | 37,369 | D | |
| Common StockF6 | holding | — | — | — | 611 | 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)F2,F3 | $9.25 | Apr 28, 2015 | A | 33,570 | A | — | Apr 28, 2022 | Common Stock | 33,570 | 33,570 | D |
| ROIC Performance-Based AwardF2,F4 | — | Apr 28, 2015 | A | 7,596 | A | — | — | Common Stock | 11,394 | 7,596 | D |
| TSR Performance-Based AwardF2,F5 | — | Apr 28, 2015 | A | 3,798 | A | — | — | Common Stock | 6,647 | 3,798 | D |
Explanation of responses
- F1Represents restricted stock units, which represent the right to receive an equal number of shares of common stock.
- F2Not applicable.
- F3One third of such options will become exercisable on each of the first three anniversaries of the date of grant.
- F4Each 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.
- F5Each 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.
- F6Represents the number of shares held in the Reporting Person's account under The Pep Boys Employee Stock Purchase Plan.