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UNIVERSAL TECHNICAL INSTITUTE INC — Director's Dealing 2023
Dec 13, 2023
31931_dirs_2023-12-13_f366e6fb-0956-4d1b-b658-29859918fa25.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK: 0001261654
Period of Report: 2023-12-08
Reporting Person: Smith Lori B (SVP Chief Information Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-08 | Common Stock, $0.0001 par value | M | 4698 | — | Acquired | 42672 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | F | 1309 | $11.88 | Disposed | 41363 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | M | 6374 | — | Acquired | 47737 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | F | 1776 | $11.88 | Disposed | 45961 | Direct |
| 2023-12-10 | Common Stock, $0.0001 par value | M | 4646 | — | Acquired | 50607 | Direct |
| 2023-12-10 | Common Stock, $0.0001 par value | F | 1294 | $11.88 | Disposed | 49313 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-12-08 | Restricted Stock Units | $ | M | 4698 | Disposed | 2024-12-08 | Common Stock, $0.0001 par value (4698) | Direct |
| 2023-12-08 | Restricted Stock Units | $ | M | 6374 | Disposed | Common Stock, $0.0001 par value (6374) | Direct | |
| 2023-12-08 | Restricted Stock Units | $ | A | 9488 | Acquired | Common Stock, $0.0001 par value (9488) | Direct | |
| 2023-12-08 | Performance Units | $ | A | 17790 | Acquired | Common Stock, $0.0001 par value (17790) | Direct | |
| 2023-12-10 | Restricted Stock Units | $ | M | 4646 | Disposed | Common Stock, $0.0001 par value (4646) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock.
F2: Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/08/2021.
F3: Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/8/2022.
F4: Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/10/2020.
F5: Share of Common Stock received from vesting of restricted stock units granted on 12/08/2021.
F6: Share of Common Stock received from vesting of restricted stock units granted on 12/8/2022.
F7: The restricted stock units vest in three equal installments beginning on December 8, 2024.
F8: Each performance unit represents a contingent right to receive one share of the UTI Common Stock, 60% of which vest based on revenue for the fiscal year ending September 30, 2026 and 40% of which vest based on adjusted EBITDA for the fiscal year ending September 30, 2026.
F9: Shares of Common Stock received from vesting of restricted stock units granted on 12/10/2020.