SEC Form 4 · accession 0001140361-16-055178
SILGAN HOLDINGS INC · SLGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas James Snyder
Officer — President - Silgan Containers
Period of report
Feb 25, 2016
Accepted (ET)
Feb 26, 2016 · 4:15 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 | 10,000 | — | A | 73,560 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 6, 2014, the reporting person was granted 10,000 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 November 6, 2019 and will be settled in shares of Common Stock on a 1-for-1 basis.
- F2This amount consists of 73,560 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.