SEC Form 4 · accession 0001209191-17-009960
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
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 4:10 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 Stock | Feb 10, 2017 | A | 40,842 | $0.00 | A | 54,752 | D | |
| Common Stock | Feb 10, 2017 | F | 18,870 | $140.45 | D | 35,882 | 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 UnitsF3,F4 | — | Feb 9, 2017 | A | 4,448 | A | — | — | Common Stock | 4,448 | 4,448 | D |
Explanation of responses
- F1Settlement of non-derivative performance shares for the three-year performance period ending December 31, 2016, 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).
- F2Shares withheld by the Company to satisfy minimum tax withholding requirements.
- F3Converts into common stock on a 1-for-1 basis.
- F4The Compensation Committee certified on February 9, 2017 that Company achieved the 2016 net income performance goal for the restricted stock unit awards granted in 2016 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 4, 2019.