SEC Form 4 · accession 0001209191-15-053739
PEP BOYS MANNY MOE & JACK · PBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott P Sider
Officer — Chief Executive Officer · Director
Period of report
Jun 15, 2015
Accepted (ET)
Jun 16, 2015 · 4:09 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 | Jun 15, 2015 | A | 16,424 | — | A | 16,424 | 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 | $11.745 | Jun 15, 2015 | A | 93,204 | A | — | Jun 15, 2022 | Common Stock | 93,204 | 93,204 | D |
| ROIC Perfromanced-Based AwardF2,F4 | — | Jun 15, 2015 | A | 21,899 | A | — | Jun 15, 2022 | Common Stock | 32,849 | 21,899 | D |
| TSR Performance-Based TransactionF2,F5 | — | Jun 15, 2015 | A | 10,950 | A | — | Jun 15, 2022 | Common Stock | 19,162 | 10,950 | 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 June 15, 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 June 15, 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 three quarters shares of common stock, respectively.