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UNIVERSAL TECHNICAL INSTITUTE INC — Director's Dealing 2023
Dec 13, 2023
31931_dirs_2023-12-13_c1b0a870-afa0-4014-bc9c-c71b03daafb3.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: 2023-12-08
Reporting Person: Kevane Christopher E. (SVP Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-08 | Common Stock, $0.0001 par value | M | 6460 | — | Acquired | 28378 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | F | 1800 | $11.88 | Disposed | 26578 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | M | 8460 | — | Acquired | 35038 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | F | 2357 | $11.88 | Disposed | 32681 | Direct |
| 2023-12-10 | Common Stock, $0.0001 par value | M | 7260 | — | Acquired | 39941 | Direct |
| 2023-12-10 | Common Stock, $0.0001 par value | F | 2022 | $11.88 | Disposed | 37919 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-12-08 | Restricted Stock Units | $ | M | 6460 | Disposed | 2024-12-08 | Common Stock, $0.0001 par value (6460) | Direct |
| 2023-12-08 | Restricted Stock Units | $ | M | 8460 | Disposed | Common Stock, $0.0001 par value (8460) | Direct | |
| 2023-12-08 | Restricted Stock Units | $ | A | 17790 | Acquired | Common Stock, $0.0001 par value (17790) | Direct | |
| 2023-12-08 | Performance Units | $ | A | 33357 | Acquired | Common Stock, $0.0001 par value (33357) | Direct | |
| 2023-12-10 | Restricted Stock Units | $ | M | 7260 | Disposed | Common Stock, $0.0001 par value (7260) | 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 performance units granted on 12/10/2020.
F5: Share of Common Stock received from vesting of restricted stock units granted on 12/08/2021.
F6: Vesting of restricted stock units granted on 12/08/2022.
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 performance units granted on 12/10/2020.