SEC Form 4 · accession 0001354488-16-008545
PTC INC. · PTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Miller
Officer — EVP, Chief Financial Officer
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 5:01 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 | 43,935 | $0.00 | A | 78,787 | D | |
| Common StockF1 | Nov 15, 2016 | F | 20,673 | $47.53 | D | 58,114 | 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 UnitsF9,F2,F3 | — | Nov 15, 2016 | A | 6,218 | A | — | — | Common Stock | 6,218 | 6,218 | D |
| Restricted Stock UnitsF9,F2,F4 | — | Nov 15, 2016 | M | 6,218 | D | — | — | Common Stock | 6,218 | 0 | D |
| Restricted Stock UnitsF9,F2,F5 | — | Nov 15, 2016 | M | 9,281 | D | — | — | Common Stock | 9,281 | 9,281 | D |
| Restricted Stock UnitsF9,F2,F6 | — | Nov 15, 2016 | A | 17,904 | A | — | — | Common Stock | 17,904 | 17,904 | D |
| Restricted Stock UnitsF9,F2,F7 | — | Nov 15, 2016 | M | 17,904 | D | — | — | Common Stock | 17,904 | 0 | D |
| Restricted Stock UnitsF9,F2,F8 | — | Nov 15, 2016 | M | 10,532 | D | — | — | Common Stock | 10,532 | 21,063 | D |
Explanation of responses
- F1Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 43,935 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 February 9, 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, 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 6,218 RSUs were earned.
- F4Performance-based restricted stock units awarded on February 9, 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, 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 6,218 RSUs vested.
- F5RSUs awarded on February 9, 2015 that vest in three substantially equal annual installments on November 15, 2015, 2016 and 2017.
- F6Performance-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 17,904 RSUs were earned.
- 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 17,904 RSUs vested.
- F8RSUs awarded on November 2, 2015 that vest in three substantially equal installments on November 15, 2016, 2017 and 2018.
- F9This amount represents the total number of derivative securities beneficially owned of the class shown.