SEC Form 4 · accession 0001209191-18-013625
BRINKS CO · BCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael F Beech
Officer — Executive Vice President
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 7:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000078890
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 22, 2018 | M | 13,582 | — | A | 39,770 | D | |
| Common StockF3,F2 | Feb 22, 2018 | A | 23,732 | $0.00 | A | 63,502 | D | |
| Common StockF4,F5 | Feb 22, 2018 | A | 2,075 | $0.00 | A | 65,577 | D | |
| Common StockF6,F7 | Feb 24, 2018 | F | 386 | $75.40 | D | 65,191 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF1 | — | Feb 22, 2018 | M | 9,055 | D | — | — | Common Stock | — | 0 | D |
| Employee Stock Options (Right to Buy)F8 | $73.45 | Feb 22, 2018 | A | 8,370 | A | — | Feb 22, 2024 | Common Stock | 8,370 | 8,370 | D |
Explanation of responses
- F1Each market share unit represents the right to receive between 0 and 1.5 shares of common stock, based on the average closing price for the twenty trading days leading up to and including December 31, 2017 ($82.70), as compared to the average closing price for the twenty trading days leading up to and including December 31, 2014 ($23.19).
- F2Includes Restricted Stock Units that have not yet vested and shares that will be withheld to satisfy tax withholding obligations for the reporting person on the date that the market share units and performance share units are paid to the reporting person. The shares withheld will be reported on a subsequent filing.
- F3Represents performance share units granted in February 2015, for which the performance period ended December 31, 2017, and for which the settlement date was February 22, 2018.
- F4Each Restricted Stock Unit represents a right to receive, subject to the terms and conditions of the 2017 Equity Incentive Plan and a Restricted Stock Units Award Agreement, one share of the Company's common stock subject to vesting in three annual installments, beginning in February 2019.
- F5Includes 6,976 Restricted Stock Units that have not yet vested and shares that will be withheld to satisfy tax withholding obligations for the reporting person on the date that the market share units and performance share units are paid to the reporting person. The shares withheld will be reported on a subsequent filing.
- F6The Company withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units that vested on February 24, 2018.
- F7Includes 5,407 Restricted Stock Units that have not yet vested and shares that will be withheld to satisfy tax withholding obligations for the reporting person on the date that the market share units and performance share units are paid to the reporting person. The shares withheld will be reported on a subsequent filing.
- F8The options vest on the third anniversary of the grant date, February 22, 2021, if the average closing stock price over any 15 consecutive trading days between the grant date and the third anniversary was at least $91.81.