AI assistant
RB GLOBAL INC. — Director's Dealing 2015
Dec 31, 2015
30295_dirs_2015-12-31_1e0f8289-1042-4cf4-b7b0-766b965822b5.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: RITCHIE BROS AUCTIONEERS INC (RBA)
CIK: 0001046102
Period of Report: 2016-01-01
Reporting Person: Driscoll Sharon Ruth (Chief Financial Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 242 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $30.17 | 2025-08-11 | Common Shares (40764) | Direct | |
| Restricted Share Units ("RSUs") - 2015 | $ | Common Shares (2737) | Direct | ||
| Dividend Equivalent Rights (2015 RSUs) | $ | Common Shares (34) | Direct |
Footnotes
F1: Date of grant is reflected above. The options vest on the 3rd anniversary of the date of grant.
F2: RSUs vest as follows: 1/3 annually on 8/12/16, 8/12/17 and 8/12/18. The cash value of the common shares underlying vested RSUs (determined in accordance with the RBA Restricted Share Unit Plan) will be paid to the reporting person, net of tax, as soon as practicable following the end of the month in which the RSUs vest; provided, that if such payment would occur at any time at which the reporting person may be in possession of undisclosed material information regarding RBA, or at any time at which, pursuant to any securities trading policy of RBA, the reporting person is restricted from trading in RBA securities, unless the Committee otherwise determines, payment will be postponed to the date which is 5 days after the later of (i) the date on which the reporting person is no longer in possession of such information or (ii) the date on which the reporting person is no longer restricted from trading in RBA securities.
F3: Each restricted share unit represents a contingent right to receive the economic equivalent of one RBA common share.
F4: Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of one grant of restricted share units, and become exercisable proportionately with the restricted share units to which they relate.