Ratliff Christopher A. 4
4 · SPARTON CORP · Filed Mar 28, 2018
Insider Transaction Report
Form 4
SPARTON CORPSPA
Ratliff Christopher A.
VP - Info. Technology
Transactions
- Disposition to Issuer
Restricted Stock Units
2018-03-23−9,252→ 0 total→ Common Stock (9,252 underlying) - Disposition to Issuer
Stock Option
2018-03-23−1,992→ 1,991 totalExercise: $23.02Exp: 2025-09-10→ Common Stock (1,992 underlying) - Disposition to Issuer
Stock Option
2018-03-23−558→ 1,672 totalExercise: $26.86Exp: 2024-09-11→ Common Stock (558 underlying)
Footnotes (4)
- [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 performance 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]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.