SEC Form 4 · accession 0001140361-15-005992
OLD DOMINION FREIGHT LINE, INC. · ODFL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J. Bates
Officer — SVP - Operations
Period of report
Feb 11, 2015
Accepted (ET)
Feb 12, 2015 · 4:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000878927
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | Feb 11, 2015 | A | 1,678 | A | — | — | Common Stock | 1,678 | 18,962 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of Old Dominion Freight Line, Inc. common stock.
- F2The award will vest with respect to one-fifth of the phantom stock subject to the award on each anniversary of the grant date and the award will be fully vested on the fifth anniversary of the grant date, provided that (a) the reporting person has been continuously employed by the issuer from the grant date until each respective vesting date; (b) the reporting person has been continuously employed by the issuer for at least 10 years on the respective vesting date; and (c) the reporting person has attained age 65 on the respective vesting date. The award will settle on the earlier of (a) the date of the reporting person's termination of employment for any reason other than death, total disability or for cause; (b) the date of the reporting person's death while employed by the issuer; or (c) the date of the reporting person's termination of employment as a result of his total disability.