SEC Form 4 · accession 0000842633-15-000118
TRIMAS CORP · TRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joshua A Sherbin
Officer — Vice President & Secretary
Period of report
Sep 4, 2015
Accepted (ET)
Sep 8, 2015 · 2:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000842633
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3,F2 | Sep 4, 2015 | M | 876 | $0.00 | A | 70,744 | I | See Footnote |
| Common StockF2 | Sep 4, 2015 | F | 277 | $17.52 | D | 70,467 | I | See Footnote |
| Common StockF1,F2 | holding | — | — | — | 69,868 | I | See Footnote |
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,F5 | $0.00 | Sep 4, 2015 | M | 876 | D | — | Sep 30, 2013 | Common Stock | 876 | 3,504 | D |
Explanation of responses
- F1Includes shares of Issuer common stock underlying restricted stock units. In connection with the spin-off of Horizon Global Corporation by the Issuer on June 30, 2015 such equity awards were adjusted to generally preserve the value of the original award as of June 30, 2015. Such amount of shares is estimated as of June 30, 2015 based on preliminary information regarding the spin-off. Final amounts, if different, will be reported in a subsequent filing.
- F2Through the Joshua A. Sherbin Revocable Trust under the agreement dated February 21, 2013, as amended.
- F3Each restricted stock unit represents a contingent right to receive the Fair Market Value of one share of common stock, payable only in shares of common stock.
- F4The third of three installments for restricted stock units granted pursuant to the Restricted Stock Unit Agreement dated February 24, 2011 ("Agreement") and the 2006 Long Term Equity Incentive Plan, vested on September 4, 2015 in satisfaction of the trading threshold as outlined in Section II.A.1(c) of the Agreement.
- F5Subject to graduated vesting as described in footnote (4) above and Section II.A.1 of the Agreement.