SEC Form 4 · accession 0001209191-16-098759
LEAR CORP · LEA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mel Stephens
Officer — SVP Comm, Facilities & Inv Rel
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 4:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000842162
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 12, 2016 | A | 40,710 | $0.00 | A | 75,955 | D | |
| Common StockF2 | Feb 12, 2016 | F | 18,809 | $97.89 | D | 57,146 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Feb 11, 2016 | A | 4,189 | A | — | — | Common Stock | 4,189 | 4,189 | D |
Explanation of responses
- F1Settlement of non-derivative performance shares for the three-year performance period ending December 31, 2015, granted under the 2009 Lear Corporation Long-Term Stock Incentive Plan and exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d).
- F2Excludes 6,000 shares transferred to Mr. Stephens' ex-wife pursuant to a domestic relations order.
- F3Shares withheld by the Company to satisfy minimum tax withholding requirements.
- F4Converts into common stock on a 1-for-1 basis.
- F5The Compensation Committee certified on February 11, 2016 that Company achieved the 2015 net income performance goal for the restricted stock unit awards granted in 2015 under the Lear Corporation 2009 Long-Term Stock Incentive Plan. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on January 2, 2018.