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PTC INC. — Director's Dealing 2013
Nov 19, 2013
30223_dirs_2013-11-19_51bc50be-a7a0-43f4-8c4e-c263e23f85b1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PTC INC. (PMTC)
CIK: 0000857005
Period of Report: 2013-11-15
Reporting Person: Diouane Marc (EVP Global Services & Partners)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-11-15 | Common Stock | M | 71024 | — | Acquired | 75364 | Direct |
| 2013-11-15 | Common Stock | F | 13439 | $32.37 | Disposed | 61925 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-11-15 | Restricted Stock Units | $ | M | 8573 | Disposed | Common Stock (8573) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 6468 | Disposed | Common Stock (6468) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 6468 | Disposed | Common Stock (6468) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 10711 | Disposed | Common Stock (10711) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 6978 | Disposed | Common Stock (6978) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 7140 | Disposed | Common Stock (7140) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 1890 | Disposed | Common Stock (1890) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 1231 | Disposed | Common Stock (1231) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 1260 | Disposed | Common Stock (1260) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 7460 | Disposed | Common Stock (7460) | Direct | |
| 2013-11-15 | Restricted Stock Units | $ | M | 12845 | Disposed | Common Stock (12845) | Direct |
Footnotes
F1: Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 71,024 shares of the Reporting Person's restricted stock unit awards on November 15, 2013.
F2: Each restricted stock unit represents a contingent right to receive one share of PTC Inc. common stock.
F3: Time-based restricted stock units that vested as to 8,574 RSUs on November 15, 2011 and 8,573 RSUs on November 15, 2012 and November 15, 2013.
F4: Performance-based restricted stock units subject to subsequent time-based restrictions that vested as to 6,469 RSUs on November 15, 2011 and November 15, 2012 and 6,468 RSUs on November 15, 2013.
F5: Time-based restricted stock units that vested as to 6,469 RSUs on November 15, 2011 and November 15, 2012 and 6,468 RSUs on November 15, 2013.
F6: Performance-based restricted stock units that may be earned only to the extent the established performance criteria are met. 10,711 RSUs vested on November 15, 2013 and the remaining RSUs will vest on the later of November 15, 2014 and the date the Compensation Committee determines the extent to which the performance criteria have been achieved.
F7: Performance-based restricted stock units subject to subsequent time-based restrictions that vested as to 6,978 RSUs on November 15, 2012 and November 15, 2013, and will vest as to 6,978 RSUs on November 15, 2014.
F8: Time-based restricted stock awards that vested as to 7,141 RSUs on November 15, 2012, 7,140 RSUs on November 15, 2013 and will vest as to 7,140 RSUs on November 15, 2014.
F9: Performance-based restricted stock units that may be earned only to the extent the established performance criteria are met. The performance criteria were met for the first period and 1,890 RSUs vested on November 15, 2013. The remaining half of these RSUs will vest on the later of November 15, 2014 and the date the Compensation Committee determines the extent to which the performance criteria for the second period have been achieved.
F10: Performance-based restricted stock units subject to subsequent time-based restrictions that vested as to 1,232 RSUs on November 15, 2012, 1,231 RSUs on November 15, 2013, and will vest as to 1,231 RSUs on November 15, 2014.
F11: Time-based restricted stock awards that vested as to 1,260 RSUs on November 15, 2012 and November 15, 2013 and will vest as to 1,260 RSUs on November 15, 2014.
F12: Performance-based restricted stock units that are earned only to the extent the established performance criteria for each of the three performance periods are met. The criteria were met in part for the first period and 7,460 RSUs vested on November 15, 2013. Up to a total of two-thirds of the units awarded (less any vested for the first period) are eligible to vest on the later of November 15, 2014 and the date the Compensation Committee determines the performance criteria for the second period have been achieved and up to all of the units awarded are eligible to vest on the later of November 15, 2015 and the date the Compensation Committee determines the performance criteria for the third period have been achieved.
F13: Time-based restricted stock awards that vested as to 12,845 RSUs on November 15, 2013 and will vest as to 12,845 RSUs on November 15, 2014 and November 15, 2015.
F14: This amount represents the total number of derivative securities beneficially owned of the class shown.