SEC Form 4 · accession 0000779152-17-000029
JACK HENRY & ASSOCIATES INC · JKHY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wesley A Brown
Director
Period of report
May 26, 2017
Accepted (ET)
May 30, 2017 · 4:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000779152
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 26, 2017 | S | 2,800 | $104.9022 | D | 80,278 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $17.45 | holding | — | — | — | — | Nov 18, 2018 | Common Stock | 10,000 | 10,000 | D |
| Non-Qualified Stock Option (right to buy)F2 | $23.65 | holding | — | — | — | — | Nov 13, 2019 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1No option granted is exercisable until six months after the date of grant. All options granted under the 2005 Non-Qualified Stock Option Plan shall be fully vested and exercisable after the fourth anniversary of the director's first election or appointment to the Board of the Company (the Initial Service Date "ISD", which for Mr. Brown is 8-31-05). Mr. Brown's options shall vest and become exercisable as follows: with respect to 75% of the shares, on 5/18/09 and 100% of the shares on 8/31/09.
- F2The options become exercisable as follow: 100% on 5/13/2010.