SEC Form 4 · accession 0001140361-16-058289
REVLON INC /DE/ · REV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lorenzo Delpani
Director
Period of report
Mar 15, 2016
Accepted (ET)
Mar 17, 2016 · 5:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887921
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 per shareF1 | Mar 15, 2016 | F | 30,948 | $35.00 | D | 270,004 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Delpani did not sell any of the 30,948 shares reported as disposed. Rather, this amount represents shares withheld by the Issuer for the payment of withholding taxes due upon the 3/15/16 vesting of 65,703 shares of restricted stock that Mr. Delpani was granted on 8/6/14, pursuant to the terms of the Fourth Amended and Restated Revlon, Inc. Stock Plan. These withheld shares are not sold on the open market and become Revlon, Inc. treasury shares. As previously disclosed in a Current Report on Form 8-K filed with the SEC on March 4, 2016, pursuant to the terms of Mr. Delpani's Transition and Separation Agreement and Release dated 3/1/2016, Mr. Delpani remains eligible to vest in an additional 65,703 shares of restricted stock on March 15, 2017, with the remaining shares of restricted stock that were otherwise scheduled to vest in equal installments of 65,703 shares on each of 3/15/18 and 3/15/19 being forfeited and cancelled upon the 3/31/2016 cessation of his employment.