SEC Form 4 · accession 0001653528-17-000042
SPARTON CORP · SPA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D. Shaddix II
Officer — Grp VP - Mil & Aero Mfg Svcs
Period of report
Dec 1, 2017
Accepted (ET)
Dec 4, 2017 · 5:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000092679
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Dec 1, 2017 | D | 10,380 | D | — | — | Common Stock | 10,380 | 0 | D |
| Stock OptionF4,F3 | $26.86 | Dec 1, 2017 | D | 709 | D | — | Sep 11, 2024 | Common Stock | 709 | 2,125 | D |
| Stock OptionF4,F5 | $23.02 | Dec 1, 2017 | D | 2,441 | D | — | Sep 10, 2025 | Common Stock | 2,441 | 2,440 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Sparton Corporation common stock or cash at the election of the Compensation Committee.
- F2The Restricted Stock Units vest over a period of approximately four years, provided certain criteria are met.
- F3The stock option vests at a rate of 25% per year commencing on September 11, 2015, and 25% on each subsequent anniversary date until 100% vested. The option shares are exercisable as soon as they have vested.
- F4Pursuant to the Sparton Corporation 2010 Long-Term Stock Option Plan, as amended, the Reporting Person's vested stock options will expire on March 1, 2018.
- F5The stock option vests at a rate of 25% per year commencing on September 10, 2016, and 25% on each subsequent anniversary date until 100% vested. The option shares are exercisable as soon as they have vested.
Remarks
The Reporting Person's employment terminated December 1, 2017.