SEC Form 4 · accession 0000789132-17-000049
SPECTRANETICS CORP · SPNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stacy Powell McMahan
Officer — CFO
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000789132
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| SPNC Common StockF1 | Feb 22, 2017 | A | 25,453 | $0.00 | A | 26,379 | D | |
| SPNC Common StockF2,F3 | Feb 22, 2017 | F | 6,104 | $24.50 | D | 20,275 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 30, 2015, the Reporting Person was awarded 26,240 target performance stock units ("PSUs") granted for the 2014-2016 performance period. Each earned and vested PSU is payable in one share of the Company's common stock. The Reporting Person earned 25,453 of the PSUs based upon the Company's achievement of certain performance goals during the performance period. Of the 25,453 earned PSUs, 75% vested and were settled in an equal number of shares of the Company's common stock on February 22, 2017, and 25% will vest and be settled in shares on December 31, 2017.
- F2Shares withheld to satisfy tax withholding obligations on 19,090 shares issued in settlement of vested PSUs on February 22, 2017.
- F3This number includes 6,363 earned PSUs that are scheduled to vest and be settled in an equal number of Company shares as described above.