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ENCORE CAPITAL GROUP INC — Director's Dealing 2017
Jun 26, 2017
32228_dirs_2017-06-26_7a20eb1f-dcff-4ea8-a5f0-89c4ddc20667.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ENCORE CAPITAL GROUP INC (ECPG)
CIK: 0001084961
Period of Report: 2017-06-22
Reporting Person: Masih Ashish (President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-06-22 | Common Stock | A | 4716 | — | Acquired | 89331 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-22 | Employee Stock Option (right to buy) | $40.5 | A | 13316 | Acquired | 2024-06-22 | Common Stock (13316.0) | Direct |
Footnotes
F1: Grant to the reporting person on June 22, 2017 of restricted stock units ("RSUs") under the Encore Capital Group, Inc. 2017 Incentive Award Plan. The RSUs are subject to vesting and vest in annual installments over a three-year period, with one-third vesting on June 22, 2018, one-third vesting on June 22, 2019, and the remaining one-third vesting on June 22, 2020.
F2: The option vests and becomes exercisable, if at all, in installments over a three-year period, with one-third vesting on June 22, 2018, one-third vesting on June 22, 2019 and the remaining one-third vesting on June 22, 2020, but only if and when the 20 trading day average of the NASDAQ-reported closing price per share of the Company's common stock (subject to certain adjustments) exceeds $50.63 per share.