4//SEC Filing
PROVIDENCE & WORCESTER RAILROAD CO/RI/ 4
Accession 0000914260-16-000072
CIK 0000831968operating
Filed
Jan 18, 7:00 PM ET
Accepted
Jan 19, 3:31 PM ET
Size
8.1 KB
Accession
0000914260-16-000072
Insider Transaction Report
Form 4
Rennick Charles D
Assistant Secretary
Transactions
- Award
Non-Qualified Stock Options (right to buy)
2016-01-18+7,000→ 7,000 totalExercise: $13.70From: 2017-01-18Exp: 2026-01-18→ Common Stock (7,000 underlying) - Award
Restricted Stock Unit
2016-01-18+10,500→ 10,500 totalExp: 2025-01-03→ Common Stock (10,500 underlying)
Footnotes (3)
- [F1]This non-qualified stock option grant was becomes exercisable in five annual installments of 10% on January 18, 2017, 10% on January 18, 2018, 20% on January 18, 2019, 30% on January 18, 2020 and 30% on January 18, 2021.
- [F2]Each restricted stock unit represents the contingent right to receive one share of the Registrant's common stock upon vesting of the unit.
- [F3]The restricted stock units vest upon the annual achievement of reductions in certain operating expense ratios and in accordance with the following schedule: 10% on the first anniversary of the date of grant, 20% upon the second anniversary of the date of grant, 30% upon the third anniversary of the date of grant, and 30% upon the fourth anniversary of the date of grant subject to acceleration in the event of early achievement of the aforementioned reductions.
Documents
Issuer
PROVIDENCE & WORCESTER RAILROAD CO/RI/
CIK 0000831968
Entity typeoperating
IncorporatedRI
Related Parties
1- filerCIK 0000831968
Filing Metadata
- Form type
- 4
- Filed
- Jan 18, 7:00 PM ET
- Accepted
- Jan 19, 3:31 PM ET
- Size
- 8.1 KB