AI assistant
ADT Inc. — Director's Dealing 2018
Dec 10, 2018
30799_dirs_2018-12-10_65a8859e-074f-45a3-ad22-290220e57773.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: ADT Inc. (ADT)
CIK: 0001703056
Period of Report: 2018-12-01
Reporting Person: Porpora Kenneth (SVP, Chief Growth Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 96528 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (21686.0) | Direct | ||
| Stock Options | $14.0 | 2028-01-18 | Common Stock (66903.0) | Direct | |
| Stock Options | $14.0 | 2028-01-18 | Common Stock (78781.0) | Direct |
Footnotes
F1: On November 21, 2016, the reporting person was granted Class B units in Prime Security Services TopCo Parent, L.P. (the "November 2016 Award"). On January 23, 2018, shares of ADT Inc. common stock were distributed to the reporting person (the "Distributed Shares") by Prime Security Services TopCo Parent, L.P. in redemption of the November 2016 Award. The Distributed Shares reported fully vested on July 23, 2018.
F2: Each restricted stock unit ("RSU") was received as a grant under the ADT Inc. 2018 Omnibus Incentive Plan on January 18, 2018, for no consideration, and represents a contingent right to receive one share of ADT Inc. common stock upon vesting and settlement. The RSUs will "cliff vest" as to 100% of the RSUs on the third anniversary of the date of grant, generally subject to the reporting person's continued employment through such date.
F3: On January 18, 2018, the reporting person was granted stock options under the ADT Inc. 2018 Omnibus Incentive Plan, which vested on July 23, 2018.
F4: The reporting person was granted stock options on January 18, 2018, under the ADT Inc. 2018 Omnibus Incentive Plan. The stock options will "cliff vest" and become exercisable as to 100% of the stock options on the third anniversary of the date of grant, generally subject to the reporting person's continued employment through such date.