SEC Form 4 · accession 0001209191-18-037740
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
Jun 14, 2018
Accepted (ET)
Jun 14, 2018 · 4:38 pm EDT
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 | Jun 14, 2018 | M | 7,922 | $22.57 | A | 59,609 | D | |
| Common StockF1,F3,F4 | Jun 14, 2018 | S | 4,625 | $78.67 | D | 54,984 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F6,F5 | $22.57 | Jun 14, 2018 | M | 7,922 | D | — | Jul 11, 2018 | Common Stock | 7,922 | 0 | D |
Explanation of responses
- F1Reflects the exercise of 7,922 options held since the grant date of July 11, 2012 and due to expire on July 11, 2018. As a result of this transaction, Mr. Beech owns an additional 3,297 shares of the Company's common stock and received no cash proceeds from the exercise of the options. 4,625 shares were sold at a weighted average market price of $78.67 per share to fund the exercise price, related taxes and fees.
- F2Includes Restricted Stock Units that have not yet vested.
- F3Weighted average of sales prices, which ranged from $78.20 to $79.00. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F4Includes Restricted Stock Units that have not yet vested as well as 3,297 shares of the Company's common stock acquired as a result of the exercise of 7,922 options, due to expire on July 11, 2018. See Table II and related footnotes.
- F5The options vested in three installments as follows: 2,641 shares on July 11, 2013, 2,641 shares on July 11, 2014, and 2,640 shares on July 11, 2015.
- F6The Reporting Person held options (unvested) for a total of 19,857 shares as of June 14, 2018, following the Reported Transactions.