0001209191-17-064554.txt : 20171207
0001209191-17-064554.hdr.sgml : 20171207
20171207190748
ACCESSION NUMBER: 0001209191-17-064554
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171205
FILED AS OF DATE: 20171207
DATE AS OF CHANGE: 20171207
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Peterson Bryce H
CENTRAL INDEX KEY: 0001537809
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31923
FILM NUMBER: 171245850
MAIL ADDRESS:
STREET 1: 671 W. ROADRUNNER CT.
CITY: CHANDLER
STATE: AZ
ZIP: 85286
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNIVERSAL TECHNICAL INSTITUTE INC
CENTRAL INDEX KEY: 0001261654
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200]
IRS NUMBER: 860226984
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 16220 NORTH SCOTTSDALE ROAD
STREET 2: SUITE 100
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85254
BUSINESS PHONE: 623-445-9500
MAIL ADDRESS:
STREET 1: 16220 NORTH SCOTTSDALE ROAD
STREET 2: SUITE 100
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85254
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-12-05
0
0001261654
UNIVERSAL TECHNICAL INSTITUTE INC
UTI
0001537809
Peterson Bryce H
16220 N. SCOTTSDALE ROAD, SUITE 100
SCOTTSDALE
AZ
85254
0
1
0
0
EVP & CFO
Common Stock, $0.0001 par value
2017-12-05
4
A
0
36983
0.00
A
132803
D
Performance Units
2017-12-05
4
A
0
27737
0.00
A
2020-12-05
Common Stock
27737
27737
D
Performance Cash
2017-12-05
4
A
0
93750.00
0.00
A
2020-12-05
Cash
93750.00
93750.00
D
The Board of Directors approved the grant on December 5, 2017. The restricted stock units vest in three equal annual installments.
Each performance unit represents a contingent right to receive one share of the Company's common stock, 50% of which vest based on the 2-year compound annual total shareholder return ("TSR") and 50% of which vest based on the 3-year compound annual TSR. For purposes of determining the TSR, the change in the price of the Company's common stock is based upon the 30-trading day average closing stock price (i) immediately preceding the grant date at the beginning of the performance period, and (ii) immediately preceding the second or third anniversary, as applicable, of the grant date at the end of the performance period. The number represents the maximum number of shares that may be delivered pursuant to the award, which is 150% of the target number of shares.
Represents a contingent right to receive cash, 50% of which vest based on the 2-year compound annual TSR and 50% of which vest based on the 3-year compound annual TSR. For purposes of determining the TSR, the change in the price of the Company's common stock is based upon the 30-trading day average closing stock price (i) immediately preceding the grant date at the beginning of the performance period, and (ii) immediately preceding the second or third anniversary, as applicable, of the grant date at the end of the performance period. The amount represents the maximum amount of cash that may be delivered pursuant to the award, which is 150% of the target amount of cash.
/s/ Chad A. Freed, as attorney-in-fact
2017-12-07