SEC Form 4 · accession 0001140361-16-055168
SILGAN HOLDINGS INC · SLGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank W Hogan III
Officer — Sr. V.P., Gen. Counsel & Sec.
Period of report
Feb 25, 2016
Accepted (ET)
Feb 26, 2016 · 4:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000849869
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 25, 2016 | A | 25,000 | — | A | 104,804 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 8, 2014, the reporting person was granted 25,000 restricted stock units under the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan, subject to the satisfaction of certain performance criteria for the Issuer's 2015 fiscal year. The performance criteria for the Issuer's 2015 fiscal year was determined to have been met upon the finalization of the Issuer's audited financial statements for 2015. Accordingly, these restricted stock units are no longer subject to cancellation. These restricted stock units will vest all at once on March 1, 2019 and will be settled in shares of Common Stock on a 1-for-1 basis.
- F2This amount includes 66,580 restricted stock units that are not yet vested that have been granted under the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan. Upon vesting, these restricted stock units will be settled in shares of Common Stock on a 1-for-1 basis.