SEC Form 4 · accession 0001354488-16-008541
PTC INC. · PTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig Hayman
Officer — EVP, Group President Solutions
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 4:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000857005
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 15, 2016 | M | 91,983 | $0.00 | A | 91,983 | D | |
| Common StockF1 | Nov 15, 2016 | F | 41,834 | $47.53 | D | 50,149 | 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 UnitsF7,F2,F3 | — | Nov 15, 2016 | A | 23,339 | A | — | — | Common Stock | 23,339 | 23,339 | D |
| Restricted Stock UnitsF7,F2,F4 | — | Nov 15, 2016 | M | 23,339 | D | — | — | Common Stock | 23,339 | 0 | D |
| Restricted Stock UnitsF7,F2,F5 | — | Nov 15, 2016 | M | 54,915 | D | — | — | Common Stock | 54,915 | 54,914 | D |
| Restricted Stock UnitsF7,F2,F6 | — | Nov 15, 2016 | M | 13,729 | D | — | — | Common Stock | 13,729 | 27,457 | D |
Explanation of responses
- F1Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 91,983 shares of the Reporting Person's restricted stock unit awards on November 15, 2016.
- F2Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.
- F3Performance-based restricted stock units awarded on November 23, 2015 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2016, September 30, 2017 and September 30, 2018. The performance measure for the first period was met at 170% and 23,339 RSUs were earned.
- F4Performance-based restricted stock units awarded on November 23, 2015 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2016, September 30, 2017 and September 30, 2018. The performance measure for the first period was met at 170% and 23,339 RSUs vested.
- F5RSUs awarded on November 23, 2015 that vest in two substantially equal increments on each of November 15, 2016 and November 15, 2017.
- F6RSUs awarded on November 23, 2015 that vest in three substantially equal increments on each of November 15, 2016, 2017 and 2018.
- F7This amount represents the total number of derivative securities beneficially owned of the class shown.