SEC Form 4 · accession 0000899243-18-011176
NN INC · NNBR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas C. Burwell Jr.
Officer — See Remarks
Period of report
Apr 30, 2018
Accepted (ET)
May 2, 2018 · 7:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000918541
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 30, 2018 | A | 2,258 | $0.00 | A | 38,830 | D | |
| Common Stock | Apr 30, 2018 | M | 1,549 | $0.00 | A | 40,379 | D | |
| Common StockF2 | Apr 30, 2018 | F | 1,050 | $20.30 | D | 39,329 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF3,F4 | — | Apr 30, 2018 | M | 1,540 | D | — | — | Common Stock | 1,540 | 0 | D |
Explanation of responses
- F1Represents settlement of performance rights that vested on April 30, 2018 based on the return of invested capital of NN, Inc. (the "Issuer") over the performance period beginning February 1, 2015 and ending December 31, 2017.
- F2Represents the amount of shares delivered to satisfy applicable tax withholding obligations in connection with the vesting of shares of restricted stock and performance rights.
- F3Each performance right represented a contingent right to receive one share of common stock of the Issuer.
- F4The vesting of the performance rights was based on the relative total shareholder return ("TSR") of the Issuer, as compared to the TSR of the S&P SmallCap 600 Index over the period beginning on February 1, 2015 and ending December 31, 2017. The performance rights vested on April 30, 2018. Performance rights granted represented the right to receive the target shares, and actual performance rights earned resulted in a payout of 100.6% of the target shares.
Remarks
SVP and Chief Financial Officer