SEC Form 4 · accession 0001225208-18-009162
CBIZ, Inc. · CBZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Gleespen
Officer — Corp. Secretary
Period of report
May 9, 2018
Accepted (ET)
May 11, 2018 · 4:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000944148
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1,F2 | May 9, 2018 | A | 12,000 | $0.00 | A | 113,712 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF3,F4 | $19.45 | May 9, 2018 | A | 36,000 | A | May 9, 2019 | May 9, 2024 | Common stock | 36,000 | 36,000 | D |
| Employee Stock Option | $6.52 | holding | — | — | — | May 9, 2014 | May 9, 2019 | Common stock | 9,000 | 9,000 | D |
| Employee Stock Option | $8.36 | holding | — | — | — | May 14, 2015 | May 14, 2020 | Common stock | 18,000 | 18,000 | D |
| Employee Stock Option | $9.35 | holding | — | — | — | May 15, 2016 | May 15, 2021 | Common stock | 27,000 | 27,000 | D |
| Employee Stock Option | $10.35 | holding | — | — | — | May 10, 2017 | May 10, 2022 | Common stock | 36,000 | 36,000 | D |
| Employee Stock Option | $15.55 | holding | — | — | — | May 10, 2018 | May 10, 2023 | Common stock | 36,000 | 36,000 | D |
Explanation of responses
- F1Consists of restricted shares issued under the CBIZ, Inc. 2014 Stock Incentive Plan. Restrictions lapse with respect to 25% of the granted restricted shares on each of the first, second, third and fourth anniversaries of the grant date, provided grantee is still providing services to CBIZ on such vesting dates, and grantee has complied with the applicable CBIZ client non-interference policy.
- F2No consideration was provided for this grant.
- F3Consists of Options granted on 05/09/2018 vesting in 25% increments each year beginning 05/09/2019 and expiring on 05/09/2024.
- F4Options priced at closing NYSE price of $19.45 on 05/09/2018.