SEC Form 4 · accession 0000808450-16-000074
NAVISTAR INTERNATIONAL CORP · NAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven K Covey
Officer — SVP & General Counsel
Period of report
Feb 1, 2016
Accepted (ET)
Feb 3, 2016 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000808450
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 26,465 | D | ||
| Premium Share UnitsF1 | holding | — | — | — | 3,601 | D | ||
| Common StockF2 | holding | — | — | — | 2,419 | I | By Navistar 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Feb 1, 2016 | A | 23,104 | A | — | — | Common Stock | 23,104 | 23,104 | D |
Explanation of responses
- F1The premium share units were acquired under Navistar's Executive Stock Ownership Program. Each premium share unit represents one share of Navistar common stock.
- F2Based on a statement dated February 1, 2016, the reporting person has acquired .0115 shares, not previously reported, as part of a cash reconciliation done between the Company's 401(k) recordkeeping system and the Company's 401(k) trust account.
- F3Each restricted stock unit (RSU) represents the right to receive the cash equivalent of Navistar's common stock converted on a 1 to 1 basis, unless Navistar otherwise elects to settle the RSUs in Navistar common stock on a 1 to 1 basis.
- F4The RSUs will become payable in cash, unless Navistar elects to settle the RSUs in common stock, in three annual installments as follows: 13,862 shares on 2/1/2017; 6,931 shares on 2/1/2018; and 2,311 on 2/1/2019.