SEC Form 4 · accession 0001592740-16-000005
SPARTON CORP · SPA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A. Gaul
Officer — Grp VP - Med Mfg & Design Svcs
Period of report
Sep 8, 2016
Accepted (ET)
Sep 12, 2016 · 2:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000092679
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 8, 2016 | D | 1,563 | $0.00 | D | 4,952 | 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,F2 | — | Sep 8, 2016 | A | 4,591 | A | — | — | Common Stock | 4,591 | 10,380 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Sparton Corporation common stock. Reporting person will forfeit the Restricted Stock Unit at the end of the performance period if some or all of the units do not vest.
- F2The Restricted Stock Units will vest over a period of approximately four years, provided certain criteria are met, or automatically upon a change of control of Sparton Corporation.