SEC Form 4 · accession 0001209191-15-022604
GEO GROUP INC · GEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann M Schlarb
Officer — SVP,GEO & Pres.GEO Care
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 7:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000923796
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted StockF1,F2 | Mar 2, 2015 | A | 10,000 | $0.00 | A | 16,630 | D | |
| Common StockF3,F2 | Mar 2, 2015 | F | 171 | $44.14 | D | 7,290 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $22.30 | holding | — | — | — | Aug 15, 2015 | Aug 15, 2022 | Common Stock | 5,780 | 5,780 | D |
Explanation of responses
- F1Vesting of this grant of restricted stock of GEO is contingent upon the achievement by GEO of certain performance-based metrics during the period from January 1, 2015 to December 31, 2017 as certified by the compensation committee. Under the terms of the restricted stock grant, these shares will vest on March 1, 2018 to the extent the performance goals are achieved. Of the grant of restricted stock, 75% is subject to vesting based on GEO's total shareholder return over a three-year period and 25% is subject to vesting based on certain return on capital employed performance goals being met.
- F2The amount of shares has been adjusted to reflect the March 2, 2015 vesting of 625 shares of restricted stock.
- F3These shares were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock.