Shaddix James D. II 4
4 · SPARTON CORP · Filed Dec 4, 2017
Insider Transaction Report
Form 4
SPARTON CORPSPA
Shaddix James D. II
Other
Transactions
- Disposition to Issuer
Stock Option
2017-12-01−709→ 2,125 totalExercise: $26.86Exp: 2024-09-11→ Common Stock (709 underlying) - Disposition to Issuer
Restricted Stock Units
2017-12-01−10,380→ 0 total→ Common Stock (10,380 underlying) - Disposition to Issuer
Stock Option
2017-12-01−2,441→ 2,440 totalExercise: $23.02Exp: 2025-09-10→ Common Stock (2,441 underlying)
Footnotes (5)
- [F1]Each 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.
- [F2]The Restricted Stock Units vest over a period of approximately four years, provided certain criteria are met.
- [F3]The 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.
- [F4]Pursuant 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.
- [F5]The 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.