SEC Form 4 · accession 0001209191-17-005307
PLEXUS CORP · PLXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick John Jermain
Officer — Sr. Vice President & CFO
Period of report
Jan 20, 2017
Accepted (ET)
Jan 24, 2017 · 5:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000785786
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par valueF2 | Jan 20, 2017 | M | 1,590 | — | A | 7,791 | D | |
| Common Stock, $.01 par value | Jan 20, 2017 | F | 641 | $52.95 | D | 7,150 | D | |
| Common Stock, $.01 par value | Jan 24, 2017 | M | 2,075 | $38.938 | A | 9,225 | D | |
| Common Stock, $.01 par value | Jan 24, 2017 | M | 2,075 | $44.395 | A | 11,300 | D | |
| Common Stock, $.01 par value | Jan 24, 2017 | M | 2,075 | $37.123 | A | 13,375 | D | |
| Common Stock, $.01 par value | Jan 24, 2017 | M | 2,075 | $34.77 | A | 15,450 | D | |
| Common Stock, $.01 par valueF3 | Jan 24, 2017 | S | 6,849 | $54.0137 | D | 8,601 | D | |
| Common Stock, $.01 par valueF1 | holding | — | — | — | 1,859 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Jan 20, 2017 | M | 1,590 | D | — | — | Common Stock | 1,590 | 0 | D |
| Restricted Stock UnitsF4 | — | Jan 23, 2017 | A | 9,530 | A | — | — | Common Stock | 9,530 | 9,530 | D |
| Performance Stock UnitsF5 | — | Jan 23, 2017 | A | 8,060 | A | — | — | Common Stock | 8,060 | 8,060 | D |
| Options to BuyF6 | $38.938 | Jan 24, 2017 | M | 2,075 | D | — | Jan 26, 2025 | Common Stock | 2,075 | 2,075 | D |
| Options to BuyF6 | $44.395 | Jan 24, 2017 | M | 2,075 | D | — | Apr 27, 2025 | Common Stock | 2,075 | 2,075 | D |
| Options to BuyF6 | $37.123 | Jan 24, 2017 | M | 2,075 | D | — | Jul 27, 2025 | Common Stock | 2,075 | 2,075 | D |
| Options to BuyF6 | $34.77 | Jan 24, 2017 | M | 2,075 | D | — | Nov 2, 2025 | Common Stock | 2,075 | 2,075 | D |
Explanation of responses
- F1Shares of Plexus Corp. common stock held in the Plexus Corp. 401(k) Retirement Plan as of the last report from the Plan's trustee.
- F2Each Restricted Stock Unit granted under the Plexus Corp. 2008 Long-Term Incentive Plan, which qualifies under Rule 16b-3, represented a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vested and settled on January 20, 2017.
- F3This transaction was executed in multiple trades at prices ranging from $53.9715 to $54.07 per share. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4Each Restricted Stock Unit granted under the Plexus Corp. 2016 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represents a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vest on January 23, 2020.
- F5Each Performance Stock Unit ("PSU") granted under the Plexus Corp. 2016 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represents a contingent right to receive one share of Plexus Corp. common stock if certain conditions are satisfied. Vesting of the PSUs is dependent on the relative total shareholder return ("TSR") of Plexus Corp.'s common stock as compared to companies in the Russell 3000 Index and on goals related to economic return during the three-year performance period. The target number of PSUs that may be earned is reported above; the maximum amount is 200% of the number reported.
- F6Options granted under the Plexus Corp. 2008 Long-Term Incentive Plan, or a predecessor plan, which qualifies under Rule 16b-3; now fully vested.