SEC Form 4 · accession 0001653528-16-000029
SPARTON CORP · SPA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Lackemacher
Officer — Grp. VP - Engineered Products
Period of report
Sep 8, 2016
Accepted (ET)
Sep 12, 2016 · 1:59 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 | 3,995 | $0.00 | D | 41,536 | D | |
| Common StockF1 | holding | — | — | — | 2,905 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Sep 8, 2016 | A | 4,591 | A | — | — | Common Stock | 4,591 | 12,313 | D |
Explanation of responses
- F1Between December 31, 2015 and March 31, 2016, the reporting person disposed of 24 shares in a non-discretionary sale resulting from 401(k) Plan non-discrimination testing.
- F2Each 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.
- F3The 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.