SEC Form 4 · accession 0000769993-15-000039
GOLDMAN SACHS GROUP INC · GS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Sherwood
Officer — Vice Chairman
Period of report
Jan 20, 2015
Accepted (ET)
Jan 22, 2015 · 4:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886982
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per share | Jan 20, 2015 | A | 15,630 | $0.00 | A | 161,740 | D | |
| Common Stock, par value $.01 per shareF2 | Jan 21, 2015 | F | 7,347 | $175.63 | D | 154,393 | D | |
| Common Stock, par value $.01 per shareF3 | holding | — | — | — | 124,620 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-End Restricted Stock UnitsF4 | — | Jan 20, 2015 | A | 52,194 | A | — | — | Common Stock, par value $0.01 per share | 52,194 | 52,194 | D |
| Fixed Allowance Restricted Stock UnitsF5 | — | Jan 20, 2015 | A | 36,469 | A | — | — | Common Stock, par value $.01 per share | 36,469 | 88,663 | D |
Explanation of responses
- F1These shares of the Issuer's common stock represent approximately 30% of the Reporting Person's equity fixed allowance for 2014. The other 70% is represented by restricted stock units ("RSUs") as described in footnote (5).
- F2Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock described in footnote (1).
- F3Held by spouse.
- F4Approximately 80% of the shares of common stock underlying these 2014 year-end RSUs will be delivered in three approximately equal installments on or about each of the first, second and third anniversaries of the grant date, subject to other terms and conditions of the award agreement; the shares of common stock delivered pursuant to such RSUs generally cannot be sold or transferred before January 2020. The remainder of the shares of the Issuer's common stock underlying these RSUs will be delivered in July 2015, subject to other terms and conditions of the award agreement.
- F5These RSUs represent approximately 70% of the Reporting Person's equity fixed allowance for 2014. The shares of common stock underlying these RSUs will be delivered on the same schedule and have the same transfer restrictions as the equity described in the first sentence of footnote (4).