SEC Form 4 · accession 0000879526-15-000007
WABASH NATIONAL Corp · WNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney P Ehrlich
Officer — SVP & Chief Technology Officer
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 1:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000879526
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $14.16 | Feb 17, 2015 | A | 6,040 | A | — | Feb 17, 2025 | Common Stock | 6,040 | 6,040 | D |
| Restricted StockF2,F3,F4 | — | Feb 17, 2015 | A | 5,800 | A | — | — | Common Stock | 5,800 | 5,800 | D |
| Performance UnitF5 | — | Feb 17, 2015 | A | 9,660 | A | Feb 17, 2018 | Feb 17, 2018 | Common Stock | 9,660 | 9,660 | D |
Explanation of responses
- F1Award vests in three equal installments on February 17, 2016, 2017 and 2018
- F2Each restricted stock unit represents a contingent right to receive one share of WNC common stock
- F3Award is fully vested on February 17, 2018
- F4The grantee will be entitled to receive shares of common stock equal to the number of units vested on February 17, 2018
- F5Performance Units were granted on February 17, 2015, subject to achievement of performance period criteria for a three-year period, ending upon the close of the Company's 2017 fiscal year. The number of units reported assume the Company meets target performance criteria at the end of 2017; actual units earned will be adjusted based on actual performance against the performance criteria. Any earned units will vest on February 17, 2018, at which time each earned and vested unit will convert to one share of the Company's common stock.