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UNIVERSAL TECHNICAL INSTITUTE INC — Director's Dealing 2023
Dec 13, 2023
31931_dirs_2023-12-12_b0d47370-951f-4c8f-b927-3226af82bf75.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: Grant Jerome Alan (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-08 | Common Stock, $0.0001 par value | M | 26623 | — | Acquired | 135499 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | F | 11007 | $11.88 | Disposed | 124492 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | M | 46507 | — | Acquired | 170999 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | F | 19231 | $11.88 | Disposed | 151768 | Direct |
| 2023-12-10 | Common Stock, $0.0001 par value | M | 31940 | — | Acquired | 183708 | Direct |
| 2023-12-10 | Common Stock, $0.0001 par value | F | 13208 | $11.88 | Disposed | 170500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-12-08 | Restricted Stock Units | $ | M | 26623 | Disposed | Common Stock, $0.0001 par value (26623) | Direct | |
| 2023-12-08 | Restricted Stock Units | $ | M | 46507 | Disposed | Common Stock, $0.0001 par value (46507) | Direct | |
| 2023-12-08 | Restricted Stock Units | $ | A | 87761 | Acquired | Common Stock, $0.0001 par value (87761) | Direct | |
| 2023-12-08 | Performance Units | $ | A | 164552 | Acquired | Common Stock, $0.0001 par value (164552) | Direct | |
| 2023-12-10 | Restricted Stock Units | $ | M | 31940 | Disposed | Common Stock, $0.0001 par value (31940) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock.
F2: Share of Common Stock received from vesting of restricted stock units on 12/08/2021.
F3: The restricted stock units vest in three equal annual installments beginning on December 8, 2023.
F4: The restricted stock units vest in three equal installments beginning on December 8, 2024.
F5: 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.
F6: The restricted stock units vest in three equal annual installments beginning on 12/10/2021.