SPARTON CORP 4
4 · SPARTON CORP · Filed May 28, 2015
Insider Transaction Report
Form 4
SPARTON CORPSPA
Schneider Joseph Thomas
Sr. VP - Sales & Marketing
Transactions
- Award
Stock Option
2015-05-26+5,071→ 5,071 totalExercise: $26.04Exp: 2025-05-26→ Common Stock (5,071 underlying) - Award
Restricted Stock Units
2015-05-26+3,859→ 3,859 total→ Common Stock (3,859 underlying)
Footnotes (3)
- [F1]Each 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.
- [F2]The Restricted Stock Units will vest over a period of approximately four years, provided certain performance criteria are met.
- [F3]The stock option will vest at a rate of 25% per year commencing on May 26, 2016, and 25% on each subsequent anniversary date until 100% vested. The option shares are exercisable as soon as they have vested.