SEC Form 4 · accession 0001654954-17-010860
PTC INC. · PTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Dibona
Officer — EVP Focused Solutions Group
Period of report
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 4:10 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, 2017 | M | 58,921 | $0.00 | A | 81,435 | D | |
| Common StockF1 | Nov 15, 2017 | F | 26,128 | $63.92 | D | 55,307 | D | |
| Common StockF3,F4 | Nov 16, 2017 | S | 2,300 | $64.38 | D | 53,007 | D | |
| Common StockF3,F5 | Nov 16, 2017 | S | 2,620 | $64.7511 | D | 50,387 | 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 UnitsF14,F2,F6 | — | Nov 15, 2017 | M | 6,041 | D | — | — | Common Stock | 6,041 | 0 | D |
| Restricted Stock UnitsF14,F5,F7 | — | Nov 15, 2017 | A | 14,077 | A | — | — | Common Stock | 14,077 | 14,077 | D |
| Restricted Stock UnitsF14,F2,F7 | — | Nov 15, 2017 | M | 14,077 | D | — | — | Common Stock | 14,077 | 0 | D |
| Restricted Stock UnitsF14,F5,F8 | — | Nov 15, 2017 | M | 7,545 | D | — | — | Common Stock | 7,545 | 7,545 | D |
| Restricted Stock UnitsF14,F2,F9 | — | Nov 15, 2017 | A | 13,906 | A | — | — | Common Stock | 13,906 | 13,906 | D |
| Restricted Stock UnitsF14,F2,F9 | — | Nov 15, 2017 | M | 13,906 | D | — | — | Common Stock | 13,906 | 0 | D |
| Restricted Stock UnitsF14,F2,F10 | — | Nov 15, 2017 | M | 5,751 | D | — | — | Common Stock | 5,751 | 11,502 | D |
| Restricted Stock UnitsF14,F2,F11 | — | Nov 15, 2017 | A | 8,487 | A | — | — | Common Stock | 8,487 | 8,487 | D |
| Restricted Stock UnitsF14,F2,F11 | — | Nov 15, 2017 | M | 2,829 | D | — | — | Common Stock | 2,829 | 5,658 | D |
| Restricted Stock UnitsF14,F2,F12 | — | Nov 15, 2017 | A | 8,772 | A | — | — | Common Stock | 8,772 | 8,772 | D |
| Restricted Stock UnitsF14,F2,F12 | — | Nov 15, 2017 | M | 8,772 | D | — | — | Common Stock | 8,772 | 0 | D |
| Restricted Stock UnitsF14,F2,F13 | — | Nov 15, 2017 | A | 12,805 | A | — | — | Common Stock | 12,805 | 12,805 | D |
Explanation of responses
- F1Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 58,921 shares of the Reporting Person's restricted stock unit awards on November 15, 2017.
- F10RSUs granted on October 31, 2016 that vest in three substantially equal installments on November 15, 2017, 2018 and 2019.
- F11Aspirational performance-based RSUs granted on October 31, 2016. The performance measure was met at 49.2% and 8,487 RSUs were earned. The RSUs earned vest in three substantially equal installments on November 15, 2017, 2018 and 2019.
- F12Performance-based RSUs granted on October 31, 2016 that could be earned only to the extent the established performance criteria were met for the performance period ended September 30, 2017. The performance measure was met at 152.53% and 8,772 RSUs were earned and vested.
- F13RSUs awarded on November 15, 2017 that vest in three substantially equal installments on November 15, 2018, 2019 and 2020.
- F14This 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.
- F3Shares sold pursuant to a pre-established 10b5-1(c ) trading plan.
- F4This transaction was executed in multiple trades at prices ranging from $63.61 to $64.59. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5This transaction was executed in multiple trades at prices ranging from $64.61 to $64.89. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F6RSUs granted on November 10, 2014 that vested in three substantially equal annual installments on November 15, 2015, 2016 and 2017.
- F7Performance-based RSUs granted on November 10, 2014 that could be earned only to the extent the established performance criteria were met for the performance period ended September 30, 2017. The performance measure was met at 100% and 14,077 RSUs were earned and vested.
- F8RSUs granted on November 2, 2015 that vest in three substantially equal installments on November 15, 2016, 2017 and 2018.
- F9Performance-based RSUs granted on November 2, 2015 that could be earned only to the extent the established performance criteria were met for the performance period ended September 30, 2017. The performance measure was met at 184.31% and 13,906 RSUs were earned and vested.