SEC Form 4 · accession 0001140361-18-028768
US XPRESS ENTERPRISES INC · USX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Lisa M Pate
Officer — Chief Administrative Officer · Director · 10% Owner · Other
Period of report
Jun 13, 2018
Accepted (ET)
Jun 15, 2018 · 3:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000923571
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Jun 13, 2018 | A | 9,375 | $0.00 | A | 9,375 | D | |
| Class B Common StockF2 | holding | — | — | — | 222,222 | D | ||
| Class B Common StockF3 | holding | — | — | — | 3,374,516 | I | Trustee | |
| Class B Common StockF4 | holding | — | — | — | 1,400,005 | I | Managing General Partner |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F5 | $16.00 | Jun 13, 2018 | A | 24,631 | A | — | Jun 13, 2028 | Class A Common Stock | 24,631 | 24,631 | D |
Explanation of responses
- F1Represents a restricted stock award under the 2018 Omnibus Incentive Plan. The award vests in four equal installments on each of June 13, 2019, 2020, 2021, and 2022, and is subject to certain vesting, forfeiture, and termination provisions.
- F2Shares held by Ms. Pate.
- F3Shares held by the Anna Marie Quinn 2012 Irrevocable Trust FBO Lisa M. Pate of which Ms. Pate is the sole trustee.
- F4Shares held by Quinn Family Partners, L.P., in which Ms. Pate is the managing general partner. Ms. Pate disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purposes.
- F5Options vest in four equal installments on each of June 13, 2019, 2020, 2021, and 2022, and is subject to certain vesting, forfeiture, and termination provisions.