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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 | ||||||||
Option (Right to Buy) | $ 15.15 | 07/18/2011 | A | 225,872 | (1) | 07/18/2021 | Common Stock | 225,872 | $ 0 | 225,872 | D | ||||
Restricted Stock Units | (2) | 07/18/2011 | A | 338,524 | (3) | (3) | Common Stock | 338,524 | $ 0 | 338,524 | D | ||||
Restricted Stock Units | (2) | 07/18/2011 | A | 677,048 | (4) | (4) | Common Stock | 677,048 | $ 0 | 677,048 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
POLK MICHAEL B C/O NEWELL RUBBERMAID INC. 3 GLENLAKE PKWY. ATLANTA, GA 30328 |
X | President & CEO |
/s/ Christine E. Hermann, Attorney in Fact for Michael B. Polk | 07/20/2011 | |
**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) | Options become exercisable on the third anniversary of the date of grant. |
(2) | Each restricted stock unit represents a contingent right to receive one share of Newell Rubbermaid common stock. |
(3) | The reporting person shall become 50% vested in his award on December 31, 2011, 25% vested in his award on the first anniversary of the date of grant, and fully vested on the second anniversary of the date of grant, but the award may vest earlier in the event of death, disability or certain other events. Vested shares are to be delivered to the reporting person within 30 days following the date of vesting. Prior to the vesting of the award, if the Company pays a dividend on its common stock, the reporting person will receive an amount in cash equal in value to the dividends that the reporting person would have received had the reporting person been the actual owner of the number of shares of Newell Rubbermaid common stock represented by the restricted stock units. |
(4) | Subject to the condition that the award may not vest earlier than the second anniversary of the date of grant, the reporting person shall become 50% vested in the award when the Company's average closing stock price for any twenty continuous trading day period after the date of grant equals or exceeds $16.25. An additional 25% of the award shall vest when such price equals or exceeds $17.72 and the remaining 25% of the award shall vest when such price equals or exceeds $18.46. Vested shares are to be delivered to the reporting person within 30 days following the date of vesting. The reporting person will not receive dividend equivalents at the time any dividends are paid. Rather, all such dividend equivalents will be credited to an account for the reporting person, and will be paid only to the extent that the applicable performance criteria are met and the RSUs vest. Any portion of the award not vested as of July 18, 2018 shall expire. |