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UNIVERSAL TECHNICAL INSTITUTE INC — Director's Dealing 2010
Sep 15, 2010
31931_dirs_2010-09-15_750f9aca-2707-4882-9601-0bcb8d317403.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK: 0001261654
Period of Report: 2010-09-14
Reporting Person: WHITE JOHN C (Director, Chairman of the Board, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-14 | Common Stock, $0.0001 par value | A | 16779 | $0.00 | Acquired | 64725 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-14 | Performance Shares | $0.00 | A | 3690 | Acquired | 2013-11-15 | Common Stock, $0.0001 par value (3690) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $0.0001 par value | 2464675 | Indirect |
| Common Stock, $0.0001 par value | 107314 | Indirect |
Footnotes
F1: The Board of Directors approved the grant on September 14, 2010. The restricted stock vests in four annual equal installments.
F2: The Board of Directors approved the grant on September 14, 2010. Each Performance Share represents a contingent right to receive one share of Universal Technical Institute, Inc. common stock. The Performance Shares vest upon achievement of certain performance criteria based on total shareholder return, with a measurement period starting October 1, 2010 - September 30, 2013. Performance Shares will vest on November 15, 2013. The actual number of shares of common stock issued at the time of vesting can range from 0% to 200% depending on the total shareholder return achieved in the measurement period.