SEC Form 4 · accession 0001140361-18-011662
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 28, 2018
Accepted (ET)
Mar 2, 2018 · 4:34 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 | Feb 28, 2018 | A | 70,000 | — | A | 137,680 | D | |
| Common Stock | Mar 1, 2018 | F | 5,536 | $28.55 | D | 132,144 | D | |
| Common StockF2,F3 | Mar 1, 2018 | A | 15,200 | — | A | 147,344 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 1, 2017, the reporting person was granted 35,000 restricted stock units (70,000 restricted stock units following the two-for-one stock split of the Common Stock of Silgan Holdings Inc. effected on May 26, 2017) under the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan, subject to the satisfaction of certain performance criteria for the Issuer's 2017 fiscal year. The performance criteria for the Issuer's 2017 fiscal year was determined to have been met upon the finalization of the Issuer's audited financial statements for 2017. Accordingly, these restricted stock units are no longer subject to cancellation. These restricted stock units vest all at once on March 1, 2022 and will be settled in shares of Common Stock on a 1-for-1 basis.
- F2These securities are restricted stock units that were granted on March 1, 2018 under the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan. These restricted stock units vest ratably over a 5 year period beginning on March 1, 2019 and will be settled in shares of Common Stock on a 1-for-1 basis upon vesting.
- F3This amount includes 136,880 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.