SEC Form 4 · accession 0001209191-16-154954
LEAR CORP · LEA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terrence B Larkin
Officer — EVP, Business Dev & Gen Cnsl
Period of report
Dec 11, 2016
Accepted (ET)
Dec 13, 2016 · 4:59 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 StockF1 | Dec 11, 2016 | M | 7,473 | $0.00 | A | 16,554 | D | |
| Common Stock | Dec 11, 2016 | F | 3,453 | $138.80 | D | 13,101 | D | |
| Common StockF3 | Dec 12, 2016 | S | 4,020 | $134.24 | D | 9,081 | 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 UnitF1 | — | Dec 11, 2016 | M | 7,473 | D | — | — | Common Stock | 7,473 | 0 | D |
Explanation of responses
- F1Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. These 2012 and 2013 "Career Share" restricted stock units vested and settled in common stock on December 11, 2016.
- F2Shares withheld by the Company to satisfy minimum tax withholding requirements.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.23 to $134.30, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.