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LEAR CORP — Director's Dealing 2016
Feb 16, 2016
30987_dirs_2016-02-16_ba74eb41-1682-42d8-b19a-61616e09a98a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LEAR CORP (LEA)
CIK: 0000842162
Period of Report: 2016-02-11
Reporting Person: BURGESS SHARI L (VP Treas & Chief Diversity Off)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-12 | Common Stock | A | 10885 | $0.00 | Acquired | 17891 | Direct |
| 2016-02-12 | Common Stock | F | 4311 | $97.89 | Disposed | 13580 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-11 | Restricted Stock Units | $ | A | 1120 | Acquired | Common Stock (1120) | Direct |
Footnotes
F1: Settlement of non-derivative performance shares for the three-year performance period ending December 31, 2015, granted under the 2009 Lear Corporation Long-Term Stock Incentive Plan and exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d).
F2: Shares withheld by the Company to satisfy minimum tax withholding requirements.
F3: Converts into common stock on a 1-for-1 basis.
F4: The Compensation Committee certified on February 11, 2016 that Company achieved the 2015 net income performance goal for the restricted stock unit awards granted in 2015 under the Lear Corporation 2009 Long-Term Stock Incentive Plan. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on January 2, 2018.