SEC Form 4 · accession 0001354488-16-008543
PTC INC. · PTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Heppelmann
Officer — President and CEO · Director
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 4:55 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 | 156,454 | $0.00 | A | 709,635 | D | |
| Common StockF1 | Nov 15, 2016 | F | 73,613 | $47.53 | D | 0 | 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 UnitsF10,F2,F3 | — | Nov 15, 2016 | M | 49,232 | D | — | — | Common Stock | 49,232 | 0 | D |
| Restricted Stock UnitsF10,F2,F4 | — | Nov 15, 2016 | A | 14,308 | A | — | — | Common Stock | 14,308 | 14,308 | D |
| Restricted Stock UnitsF10,F2,F5 | — | Nov 15, 2016 | M | 14,308 | D | — | — | Common Stock | 14,308 | 0 | D |
| Restricted Stock UnitsF10,F2,F6 | — | Nov 15, 2016 | M | 21,356 | D | — | — | Common Stock | 21,356 | 21,355 | D |
| Restricted Stock UnitsF10,F2,F7 | — | Nov 15, 2016 | A | 45,055 | A | — | — | Common Stock | 45,055 | 45,055 | D |
| Restricted Stock UnitsF10,F2,F8 | — | Nov 15, 2016 | M | 45,055 | D | — | — | Common Stock | 45,055 | 0 | D |
| Restricted Stock UnitsF10,F2,F9 | — | Nov 15, 2016 | M | 26,503 | D | — | — | Common Stock | 26,503 | 53,004 | D |
Explanation of responses
- F1Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 156,454 shares of the Reporting Person's restricted stock unit awards on November 15, 2016.
- F10This amount represents the total number of derivative securities beneficially owned of the class shown.
- F2Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.
- F3RSUs awarded on November 11, 2013 that vested in three substantially equal annual installments on November 15, 2014, 2015 and 2016.
- F4Performance-based restricted stock units awarded on November 10, 2014 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2015, September 30, 2016 and September 30, 2017. The performance measure for the first period was not met and no RSUs were earned. The performance measure for the second performance period was met at 67% and 14,308 RSUs were earned.
- F5Performance-based restricted stock units awarded on November 10, 2014 that may be earned only to the extent the established performance criteria are met for each of the three performance periods ending September 30, 2015, September 30, 2016 and September 30, 2017. The performance measure for the first period was not met and no RSUs were earned. The performance measure for the second performance period was met at 67% and 14,308 RSUs vested.
- F6RSUs awarded on November 10, 2014 that vest in three substantially equal installments on November 15, 2015, 2016 and 2017.
- F7Performance-based restricted stock units awarded on November 2, 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 45,055 RSUs were earned.
- F8Performance-based restricted stock units awarded on November 2, 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 45,055 RSUs vested.
- F9RSUs awarded on November 2, 2015 that vest in three substantially equal installments on November 15, 2016, 2017 and 2018.