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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 | ||||||||
Non-Qualified Stock Options | $ 36.36 | 03/09/2015 | M | 35,000 | 01/27/2007(4) | 01/27/2016 | Common Stock | 35,000 | $ 0 | 0 | D | ||||
Stock Appreciation Rights | $ 48.05 | 02/06/2009(5) | 02/06/2017 | Common Stock | 35,000 | 35,000 | D | ||||||||
Stock Appreciation Rights | $ 42.28 | 05/02/2010(6) | 05/02/2018 | Common Stock | 35,000 | 35,000 | D | ||||||||
Stock Appreciation Rights | $ 42.65 | 05/08/2011(6) | 05/08/2019 | Common Stock | 35,000 | 35,000 | D | ||||||||
Stock Appreciation Rights | $ 61.36 | 05/05/2012(6) | 05/05/2020 | Common Stock | 42,500 | 42,500 | D | ||||||||
Stock Appreciation Rights | $ 72.29 | 05/04/2013(6) | 05/04/2021 | Common Stock | 65,000 | 65,000 | D | ||||||||
Stock Appreciation Rights | $ 63.56 | 05/03/2014(6) | 05/03/2022 | Common Stock | 99,600 | 99,600 | D | ||||||||
Stock Appreciation Rights | $ 64.99 | 05/02/2015(7) | 05/02/2023 | Common Stock | 63,850 | 63,850 | D | ||||||||
Stock Appreciation Rights | $ 75.76 | 05/07/2016(8) | 05/07/2024 | Common Stock | 55,650 | 55,650 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Gliebe Mark Joseph 200 STATE STREET BELOIT, WI 53511 |
X | President & CEO |
/s/ Peter C. Underwood as Power of Attorney | 03/10/2015 | |
**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) | Shares acquired through the exercise of stock options that otherwise would have expired on January 27, 2016. |
(2) | The price in Column 4 is a weighted average price. The prices actually received ranged from $76.40 to $76.63. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price. |
(3) | Balance reflects the most current data available with regard to holdings in the Regal-Beloit Corporation Retirement Savings Plan. |
(4) | Grant to reporting person of option to buy shares of common stock under the 2003 Equity Incentive Plan. The option vests and becomes exercisable 40% on the second anniversary of the date of grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary. |
(5) | Granted as stock-settled Stock Appreciation Rights (SARs) under the 2003 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary of the date of grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary. |
(6) | Granted as stock-settled SARs under the 2007 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary of the date of grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary. |
(7) | Granted as stock-settled SARs under the 2013 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary of the date of grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary. |
(8) | Granted as stock-settled Stock Appreciation Rights (SARs) under the 2013 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary of the date of grant, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary. |