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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance-Based Restricted Stock Rights | $ 0 | 02/08/2019 | M | 27,840 (3) | (4) | (4) | common stock | 0 | $ 0 | 0 | D | ||||
Stock Option (right to buy) | $ 57.92 | 02/08/2019 | A | 73,259 | (5) | 02/08/2029 | common stock | 73,259 | $ 0 | 73,259 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SANCHEZ ROBERT E 11690 N.W. 105TH STREET MIAMI, FL 33178 |
X | Chair and CEO |
/s/ Indira Sordo, by power of attorney | 02/12/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents shares of common stock withheld by the Company for the payment of taxes due upon the vesting of performance-based restricted stock rights (PBRSRs). |
(2) | Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a term of three years. |
(3) | With respect to PBRSRs for the first, second and third performance periods, 7,888 shares, 5,592 shares and 4,833 shares were earned, respectively. |
(4) | The performance cycle for the PBRSRs was segmented into three performance periods. The performance cycle ended on December 31, 2018. The PBRSRs earned for each performance period vested upon Board approval on February 8, 2019. |
(5) | The stock options vest in three equal installments on February 8, 2020, February 8, 2021 and February 8, 2022. |