SEC Form 4 · accession 0000790070-15-000044
EMC CORP · EMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard D Elias
Officer — President & COO, Glob Ent Srvs
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000790070
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 10, 2015 | F | 28,215 | $0.00 | D | 837,215 | D | |
| Common StockF2 | Feb 10, 2015 | D | 119,808 | $0.00 | D | 717,407 | D | |
| Common StockF3 | Feb 10, 2015 | A | 110,134 | $0.00 | A | 827,541 | D | |
| Common StockF4 | Feb 10, 2015 | A | 73,422 | $0.00 | A | 900,963 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares withheld by EMC to satisfy certain taxes payable in connection with the vesting of previously awarded restricted stock units.
- F2Forfeiture of a portion of the performance restricted stock units previously awarded on August 3, 2011.
- F3Target number of performance restricted stock units granted under the Amended and Restated EMC Corporation 2003 Stock Plan, which are subject to forfeiture upon certain events. The performance restricted stock units will vest only in the event that certain three-year cumulative performance targets approved by the Leadership and Compensation Committee (the "Committee") have been met for the calendar years 2015 through 2017. Depending on the level of achievement for each of the performance metrics, a maximum of 200% of the target number of restricted stock units may vest. The Committee expects to determine the extent to which the performance targets have been met in 2018, and the applicable number of units will vest immediately upon such determination.
- F4Restricted stock units granted under the Amended and Restated EMC Corporation 2003 Stock Plan, which are subject to forfeiture upon certain events. The restricted stock units will vest ratably over three years beginning one year from the date of grant.