SEC Form 4 · accession 0001209191-17-062006
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
Nov 19, 2017
Accepted (ET)
Nov 21, 2017 · 3:42 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 | Nov 19, 2017 | M | 2,114 | $0.00 | A | 6,912 | D | |
| Common Stock | Nov 19, 2017 | F | 977 | $174.88 | D | 5,935 | D | |
| Common Stock | Nov 20, 2017 | S | 937 | $177.738 | D | 4,998 | D | |
| Common Stock | Nov 20, 2017 | S | 200 | $177.745 | D | 4,798 | 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 | — | Nov 19, 2017 | M | 2,114 | D | — | — | Common Stock | 2,114 | 0 | D |
| Restricted Stock UnitF3,F4 | — | Nov 20, 2017 | A | 1,696 | A | — | — | Common Stock | 1,696 | 1,696 | D |
Explanation of responses
- F1Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. These 2014 "Career Share" restricted stock units vested and settled in common stock on November 19, 2017.
- F2Shares withheld by the Company to satisfy minimum tax withholding requirements.
- F3Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- F4These "Career Share" RSUs vest on the third anniversary of the grant date but are not converted into shares of common stock until or after age 62 or a qualifying retirement and remain subject to forfeiture for a voluntary termination prior to meeting retirement eligibility requirements.