Blue Bird Corp — Director's Dealing 2020

Dec 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blue Bird Corp (BLBD)
CIK: 0001589526
Period of Report: 2020-12-11

Reporting Person: Horlock Phil (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-11	Common Stock, par value $0.0001 per share	D	4835	$18.10	Disposed	376379	Direct
2020-12-11	Common Stock, par value $0.0001 per share	D	5150	$16.99	Disposed	371229	Direct
2020-12-11	Common Stock, par value $0.0001 per share	D	4319	$20.26	Disposed	366910	Direct
2020-12-11	Common Stock, par value $0.0001 per share	F	20182	$16.20	Disposed	346728	Direct
2020-12-11	Common Stock, par value $0.0001 per share	A	64815	$16.20	Acquired	411543	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-11	Stock Option (right to buy)	$18.1	A	14875	Acquired	2027-12-10	Common Stock (14875.0)	Direct
2020-12-11	Stock Option (right to buy)	$16.99	A	15848	Acquired	2028-12-10	Common Stock (15848.0)	Direct
2020-12-11	Stock Option (right to buy)	$20.26	A	4430	Acquired	2029-12-11	Common Stock (4430.0)	Direct
2020-12-11	Stock Option (right to buy)	$16.2	A	33239	Acquired	2030-12-10	Common Stock (33239.0)	Direct

Footnotes

F1: The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation.

F2: The RSU's vest 1/3 on each of the dates December 11, 2020, December 11, 2021 and December 11, 2022 subject to downward adjustments consistent with each respective fiscal year's actual percentage payout of the Management Performance bonus award. Any downward adjustments shall not reduce the number of RSU's that vest below 50% of the amount(s) granted.

F3: On December 11, 2017, the reporting person was granted an option to purchase shares of common stock, which vests over a three year period in equal installments based on satisfaction of certain performance criteria for each of the applicable fiscal years. Although the performance criteria for fiscal 2020 was not met, the Compensation Committee vested the number of options reported under its discretionary authority.

F4: On December 11, 2018, the reporting person was granted an option to purchase shares of common stock, which vests over a three year period in equal installments based on satisfaction of certain performance criteria for each of the applicable fiscal years. Although the performance criteria for fiscal 2020 was not met, the Compensation Committee vested the number of options reported under its discretionary authority.

F5: On December 11, 2019, the reporting person was granted an option to purchase shares of common stock, which vests over a three year period in equal installments based on satisfaction of certain performance criteria for each of the applicable fiscal years. Although the performance criteria for fiscal 2020 was not met, the Compensation Committee vested the number of options reported under its discretionary authority.

F6: Award represents one option grant which vests over a three year period in equal installments (12/11/2021, 12/11/2022, 12/11/2023).