SEC Form 4 · accession 0001225208-15-012526
VIRTUS INVESTMENT PARTNERS, INC. · VRTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry M. Mandinach
Officer — EVP Head of Distribution
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 5:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000883237
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 18, 2015 | A | 3,405 | $117.46 | A | 6,059 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares comprise a grant of restricted stock units ("RSUs") awarded pursuant to the reporting person's offer letter. RSUs are scheduled to vest ratably over a three year period, with one-third of the Grant vesting on each of the first three anniversaries of the Grant date. RSUs will be settled for shares of common stock on a one-for-one basis upon vesting.
- F2This number includes (i) 2,654 RSUs scheduled to cliff vest on May 19, 2017 and (ii) 3,405 RSUs scheduled to vest ratably over three years, with one-third vesting on each anniversary of the Grant date (1,135 RSUs on May 18, 2016, 1,135 RSUs on May 18, 2017 and 1,135 RSUs on May 18, 2018). RSUs will be settled for shares of common stock on a one-for-one basis upon vesting.