SEC Form 4 · accession 0001209191-17-055599
Gentherm Inc · THRM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frithjof Oldorff
Officer — President Auto BU
Period of report
Oct 3, 2017
Accepted (ET)
Oct 4, 2017 · 11:32 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000903129
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 3, 2017 | A | 10,865 | $0.00 | A | 42,566 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares represent Restricted Common Stock issued under the 2013 Equity Incentive Plan that have been granted to the Reporting Person. The Restricted Stock Award Agreement provides that the shares granted are subject to forfeiture if the Participant's employment with the Company terminates prior to the 18 month anniversary of the Grant Date (the "Vesting Date"). If the Participant remains employed by the Company through and including the Vesting Date, or if the Participant's employment with the Company is terminated prior to the Vesting Date without Cause or for Good Reason (each as defined in the Restricted Stock Award Agreements), then the shares granted shall immediately vest and no longer be subject to possible forfeiture; provided that, in the case of acceleration upon termination, the participant's right to receive such accelerated vesting is conditioned upon execution of a general release of claims, which becomes irrevocable, for the benefit of the Company.