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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Stock Units | (1) | 11/20/2015 | M | 1,130 (3) | (3) | (3) | Common Stock | 1,130 | (1) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
DEGNAN MICHAEL J. 33 COFFEE LANE WATERBURY, VT 05676 |
Corporate General Counsel |
/s/ Jessica H. Collins, pursuant to a Power of Attorney | 11/24/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each performance stock unit represents a contingent right to receive, upon settlement, one share of common stock. This transaction represents the settlement of vested performance stock units in shares of common stock. |
(2) | This number represents shares of Common Stock sold to satisfy the tax obligation due upon vesting of the performance stock units. |
(3) | Represents the number of shares of common stock received upon the vesting of 50% of the earned performance stock units granted to the reporting person in April 2013. Fifty percent of the earned performance stock units previously vested on November 20, 2014. The performance stock units were earned based on the Company's compounded annual growth rate in non-GAAP earnings per share during the period beginning on the first day of the Company's 2013 fiscal year and ending on the close of business on the last day of the Company's 2014 fiscal year. |
(4) | This transaction was executed in multiple trades at prices ranging from $45.62 to $46.00. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC Staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |