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ENCORE CAPITAL GROUP INC — Director's Dealing 2017
Mar 14, 2017
32228_dirs_2017-03-13_feba646a-9efb-4c8d-88d1-61e4fbb23593.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: 2017-03-09
Reporting Person: Call Gregory L. (Sr. VP, GC & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-09 | Common Stock | A | 9289 | — | Acquired | 65310 | Direct |
| 2017-03-09 | Common Stock | F | 2512 | $30.95 | Disposed | 62798 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-09 | Employee Stock Option (right to buy) | $30.95 | A | 25189 | Acquired | 2024-03-09 | Common Stock (25189.0) | Direct |
Footnotes
F1: Grant to the reporting person on March 9, 2017 of restricted stock awards ("RSAs") under the Encore Capital Group, Inc. 2013 Incentive Compensation Plan. The RSAs are subject to vesting and vest in annual installments over a three-year period, with one-third vesting on March 9, 2018, one-third vesting on March 9, 2019, and the remaining one-third vesting on March 9, 2020.
F2: Disposal relates to the withholding of securities for the payment of the tax liability incident to the vesting of stock awards.
F3: The option vests and becomes exercisable, if at all, in installments over a three-year period, with one-third vesting on March 9, 2018, one-third vesting on March 9, 2019 and the remaining one-third vesting on March 9, 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 $38.6875 per share.