SEC Form 4 · accession 0001654954-17-010862
PTC INC. · PTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig Hayman
Officer — EVP, Chief Operating Officer
Period of report
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 4:12 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 | 125,747 | $0.00 | A | 177,050 | D | |
| Common StockF1 | Nov 15, 2017 | F | 57,968 | $63.92 | D | 119,082 | 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, 2017 | M | 54,914 | D | — | — | Common Stock | 54,914 | 0 | D |
| Restricted Stock UnitsF10,F2,F4 | — | Nov 15, 2017 | M | 13,729 | D | — | — | Common Stock | 13,729 | 13,728 | D |
| Restricted Stock UnitsF10,F2,F5 | — | Nov 15, 2017 | A | 25,303 | A | — | — | Common Stock | 25,303 | 25,303 | D |
| Restricted Stock UnitsF10,F2,F5 | — | Nov 15, 2017 | M | 25,303 | D | — | — | Common Stock | 25,303 | 0 | D |
| Restricted Stock UnitsF10,F2,F6 | — | Nov 15, 2017 | M | 10,540 | D | — | — | Common Stock | 10,540 | 21,078 | D |
| Restricted Stock UnitsF10,F2,F7 | — | Nov 15, 2017 | A | 15,555 | A | — | — | Common Stock | 15,555 | 15,555 | D |
| Restricted Stock UnitsF10,F2,F7 | — | Nov 15, 2017 | M | 5,185 | D | — | — | Common Stock | 5,185 | 10,370 | D |
| Restricted Stock UnitsF10,F2,F8 | — | Nov 15, 2017 | A | 16,076 | A | — | — | Common Stock | 16,076 | 16,076 | D |
| Restricted Stock UnitsF10,F2,F8 | — | Nov 15, 2017 | M | 16,076 | D | — | — | Common Stock | 16,076 | 0 | D |
| Restricted Stock UnitsF10,F2,F9 | — | Nov 15, 2017 | A | 23,466 | A | — | — | Common Stock | 23,466 | 23,466 | D |
Explanation of responses
- F1Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 125,747 shares of the Reporting Person's restricted stock unit awards on November 15, 2017.
- 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 23, 2015 that vest in two substantially equal increments on each of November 15, 2016 and November 15, 2017.
- F4RSUs awarded on November 23, 2015 that vest in three substantially equal increments on each of November 15, 2016, 2017 and 2018.
- F5Performance-based RSUs granted on November 23, 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 25,303 RSUs were earned and vested.
- F6RSUs granted on October 31, 2016 that vest in three substantially equal installments on November 15, 2017, 2018 and 2019.
- F7Aspirational performance-based RSUs granted on October 31, 2016. The performance measure was met at 49.2% and 15,555 RSUs were earned. The RSUs earned vest in three substantially equal installments on November 15, 2017, 2018 and 2019.
- F8Performance-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 16,076 RSUs were earned and vested.
- F9RSUs awarded on November 15, 2017 that vest in three substantially equal installments on November 15, 2018, 2019 and 2020.