SEC Form 4 · accession 0000921895-16-003705
SL INDUSTRIES INC · SLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis J Belardi
Officer — CFO, Secretary and Treasurer
Period of report
Mar 10, 2016
Accepted (ET)
Mar 14, 2016 · 5:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000089270
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 10, 2016 | M | 1,998 | — | A | 1,998 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3,F2 | — | Mar 10, 2016 | M | 1,998 | D | — | — | Common Stock | 1,998 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | Mar 10, 2016 | A | 2,273 | A | — | — | Common Stock | 2,273 | 2,273 | D |
Explanation of responses
- F1Each restricted stock unit represents a right to receive, at settlement, one share of SLI common stock.
- F2This transaction represents the settlement of restricted stock units in shares of common stock upon the satisfaction of specified performance targets.
- F3On March 5, 2013, the reporting person was granted 3,944 restricted stock units. As to this grant, a portion of the restricted stock units vested upon the satisfaction of specified performance targets determined prior to March 15, 2016, based upon the audited financial statements for 2013 through 2015, and the unvested portion of the restricted stock units were forfeited.
- F4The restricted stock units, or a portion thereof, vest upon the satisfaction of specified performance targets, to be determined by March 15, 2019, based upon the audited financial statements for 2016 through 2018, subject to the conditions and requirements in the restricted stock unit grant letter.