SEC Form 4 · accession 0000886035-15-000049
GENERAL CABLE CORP /DE/ · BGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T McDonnell
Officer — President and CEO · Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886035
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 1, 2015 | A | 124,254 | $0.00 | A | 124,254 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $19.65 | Jul 1, 2015 | A | 352,087 | A | Jul 1, 2016 | Jul 1, 2025 | Common Stock | 352,087 | 352,087 | D |
Explanation of responses
- F1Each restricted stock unit granted on July 1, 2015 represents a right to receive one share of common stock and will vest one-third each year beginning December 31, 2015; the vesting is contingent upon certification by the Compensation Committee of the issuer that the applicable performance condition has been achieved. The performance condition operates on a rolling basis with a catch-up feature for each vesting tranche. Vested shares will be delivered to the reporting person within 90 days after the vesting date.
- F2The option vests in three equal (subject to rounding) annual installments beginning July 1, 2016.