SEC Form 4 · accession 0001654954-18-012897
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 14, 2018
Accepted (ET)
Nov 16, 2018 · 4:23 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, 2018 | M | 81,855 | $0.00 | A | 128,845 | D | |
| Common StockF1 | Nov 15, 2018 | F | 34,720 | $89.40 | D | 94,125 | 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 UnitsF11,F2,F3 | — | Nov 15, 2018 | M | 3,949 | D | — | — | Common Stock | 3,949 | 3,949 | D |
| Restricted Stock UnitsF11,F2,F4 | — | Nov 15, 2018 | M | 10,531 | D | — | — | Common Stock | 10,531 | 0 | D |
| Restricted Stock UnitsF11,F2,F5 | — | Nov 15, 2018 | M | 8,028 | D | — | — | Common Stock | 8,028 | 8,027 | D |
| Restricted Stock UnitsF11,F2,F6 | — | Nov 15, 2018 | M | 6,519 | D | — | — | Common Stock | 6,519 | 13,036 | D |
| Restricted Stock UnitsF11,F2,F7 | — | Nov 14, 2018 | A | 30,688 | A | — | — | Common Stock | 30,688 | 30,688 | D |
| Restricted Stock UnitsF11,F2,F7 | — | Nov 15, 2018 | M | 30,688 | D | — | — | Common Stock | 30,688 | 0 | D |
| Restricted Stock UnitsF11,F2,F8 | — | Nov 14, 2018 | A | 16,056 | A | — | — | Common Stock | 16,056 | 16,056 | D |
| Restricted Stock UnitsF11,F2,F8 | — | Nov 15, 2018 | M | 16,056 | D | — | — | Common Stock | 16,056 | 0 | D |
| Restricted Stock UnitsF11,F2,F9 | — | Nov 14, 2018 | A | 6,084 | A | — | — | Common Stock | 6,084 | 6,084 | D |
| Restricted Stock UnitsF11,F2,F9 | — | Nov 15, 2018 | M | 6,084 | D | — | — | Common Stock | 6,084 | 0 | D |
| Restricted Stock UnitsF11,F2,F10 | — | Nov 14, 2018 | A | 17,523 | A | — | — | Common Stock | 17,523 | 17,523 | D |
Explanation of responses
- F1Tendered to Issuer to satisfy tax withholding obligations of the Reporting Person incurred in connection with the vesting of the Reporting Person's restricted unit awards on November 15, 2018.
- F10RSUs granted on November 14, 2018 that vest in three substantially equal installments on November 15, 2019, 2020 and 2021.
- F11This 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.
- F3Aspirational performance-based RSUs granted on October 31, 2016 that could be earned only to the extent the established performance measure was met for the period ended September 30, 2017. The performance measure was met at 49.2% and 11,847 RSUs were earned. The RSUs earned vest in three substantially equal installments on November 15, 2017, 2018 and 2019.
- F4RSUs granted on November 2, 2015 that vested in three substantially equal installments on November 15, 2016, 2017 and 2018.
- F5RSUs granted on October 31, 2016 that vest in three substantially equal installments on November 15, 2017, 2018 and 2019.
- F6RSUs granted on November 15, 2017 that vest in three substantially equal installments on November 15, 2018, 2019 and 2020.
- F7Performance-based RSUs granted on November 2, 2015 that could be earned only to the extent the established performance measure was met for the performance period ended September 30, 2018. The performance measure was met at 200% and 30,688 RSUs were earned and vested.
- F8Performance-based RSUs granted on October 31, 2016 that could be earned only to the extent the established performance measure was met for the performance period ended September 30, 2018. The performance measure was met at 200% and 16,056 RSUs were earned and vested.
- F9Performance-based RSUs granted on November 15, 2017 that could be earned only to the extent the established performance measure was met for the performance period ended September 30, 2018. The performance measure was met at 93.34% and 6084 RSUs were earned and vested.