SEC Form 4 · accession 0001140361-15-020915
ACCURIDE CORP · ACW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard F Dauch
Officer — President & CEO · Director
Period of report
May 18, 2015
Accepted (ET)
May 19, 2015 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000817979
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 18, 2015 | M | 698 | $0.00 | A | 121,483 | D | |
| Common StockF3 | May 18, 2015 | F | 698 | $3.97 | D | 120,785 | D | |
| Common Stock | holding | — | — | — | 10,000 | I | By Spouse | |
| Common Stock | holding | — | — | — | 40,432 | I | Richard F. Dauch Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4,F1,F2 | — | May 18, 2015 | M | 698 | D | — | — | Common Stock | 698 | 59,027 | D |
Explanation of responses
- F1Shares were acquired upon the vesting and conversion of Restricted Stock Units, which were received as a grant for which no consideration was paid.
- F2Each Restricted Stock Unit("RSU") represents a contingent right to receive one share of Accuride stock. 20% of the total number of RSU's granted vested on May 18, 2012, an additional 20% of the total number of RSU's granted vested on May 18, 2013, an additional 20% of the RSU's granted vested on May 18, 2014 and the remaining 40% of the RSU's granted vested on May 18, 2015.
- F3On April 28, 2011, Mr. Dauch was awarded 74,297 Restricted Stock Units (RSU's). 40% of the RSU's (or 29,720 shares) vested on 5/18/15. Pursuant to the provisions of the Award Agreement relating to Section 162(m) of the tax code, all 29,720 vested shares will be deferred indefinitely, of which 698 shares were vested and withheld to cover medicare tax withholding obligations on the deferred shares.
- F4Includes 59,027 shares that have been indefinitely deferred pursuant to the terms of the award agreement relating to Section 162(m) of the tax code, 14,644 of which vested on May 18, 2012; 8,955 which vested on May 18, 2013; 6,406 which vested on May 18, 2014; and 29,720 which vested on May 18, 2015 of which 698 shares were withheld to cover medicare tax withholding obligations on the 2015 deferred shares.