SEC Form 4 · accession 0000950117-16-001148
SUPERIOR INDUSTRIES INTERNATIONAL INC · SUP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Parveen Kakar
Officer — Senior Vice President
Period of report
Mar 6, 2016
Accepted (ET)
May 4, 2016 · 9:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000095552
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 6, 2016 | M | 1,109 | $0.00 | A | 17,034 | D | |
| Common Stock | Mar 8, 2016 | S | 396 | $21.69 | D | 16,638 | D | |
| Common Stock | May 2, 2016 | M | 6,000 | $18.55 | A | 22,638 | D | |
| Common StockF6 | May 2, 2016 | S | 3,000 | $26.4557 | D | 19,638 | D | |
| Common StockF7 | May 2, 2016 | S | 3,000 | $26.4603 | D | 16,638 | 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 UnitF3,F4 | — | Mar 6, 2016 | M | 1,109 | D | — | — | Common Stock | 1,109 | 2,219 | D |
| Stock Option (Right to Buy)F5 | $18.55 | May 2, 2016 | M | 6,000 | D | — | Dec 12, 2017 | Common Stock | 6,000 | 6,000 | D |
Explanation of responses
- F1Settlement of restricted stock units into shares of common stock.
- F2Shares sold to satisfy the minimum tax withholding requirements upon vesting of restricted stock units.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock of Superior Industries International, Inc.
- F4The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.
- F5The options vested in four equal installments on each of the first four anniversaries of the grant date.
- F6The price reported in Column 4 is an average price. The shares were sold in multiple transactions at prices ranging from $26.43 to $26.48, inclusive. The reporting person undertakes to provide to Superior Industries International, Inc., any security holder of Superior Industries International, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F7The price reported in Column 4 is an average price. The shares were sold in multiple transactions at prices ranging from $26.45 to $26.462, inclusive. The reporting person undertakes to provide to Superior Industries International, Inc., any security holder of Superior Industries International, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.