AI assistant
NN INC — Director's Dealing 2016
Mar 18, 2016
34157_dirs_2016-03-18_28741a85-7bb1-414d-965e-8afe749c612c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NN INC (NNBR)
CIK: 0000918541
Period of Report: 2016-03-16
Reporting Person: Manzi John (SVP/GM-Precision Eng. Products)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-16 | Common Stock | A | 7990 | — | Acquired | 7990 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-16 | Performance Rights | $ | A | 7990 | Acquired | Common Stock (7990) | Direct |
Footnotes
F1: Shares are restricted stock, which vest in three equal annual installments beginning on March 16, 2017.
F2: Each performance right represents a contingent right to receive one share of common stock of NN, Inc. (the "Issuer").
F3: The vesting of the performance rights is based on the relative total shareholder return ("TSR") of the Issuer, as compared to the TSR of the S&P SmallCap 600 Index over the period beginning on January 1, 2016 and ending December 31, 2018. The performance rights will vest on December 31, 2018 subject to the reporting person's continuous employment through December 31, 2018 and subject to certain conditions as set forth in the Issuer's 2011 Stock Incentive Plan. Performance rights granted represent the right to receive the target shares, and actual performance rights earned may be between 50% and 150% of the target shares. Performance rights that do not vest on December 31, 2018 expire automatically.