0001261654-23-000025.txt : 20230110
0001261654-23-000025.hdr.sgml : 20230110
20230110193038
ACCESSION NUMBER: 0001261654-23-000025
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221208
FILED AS OF DATE: 20230110
DATE AS OF CHANGE: 20230110
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Severson Eric
CENTRAL INDEX KEY: 0001746556
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31923
FILM NUMBER: 23522318
MAIL ADDRESS:
STREET 1: 16220 N SCOTTSDALE RD SUITE 500
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85254
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: 4225 EAST WINDROSE DRIVE
STREET 2: SUITE 200
CITY: PHOENIX
STATE: AZ
ZIP: 85032
BUSINESS PHONE: 623-445-9500
MAIL ADDRESS:
STREET 1: 4225 EAST WINDROSE DRIVE
STREET 2: SUITE 200
CITY: PHOENIX
STATE: AZ
ZIP: 85032
4/A
1
wf-form4a_167339702418331.xml
FORM 4/A
X0306
4/A
2022-12-08
2022-12-22
0
0001261654
UNIVERSAL TECHNICAL INSTITUTE INC
UTI
0001746556
Severson Eric
4225 E. WINDROSE DRIVE
SUITE 200
PHOENIX
AZ
85032
0
1
0
0
SVP Admissions
Performance Units
2022-12-08
4
A
0
26115
0
A
Common Stock, $0.0001 par value
26115.0
78783
D
Restricted Stock Units
2022-12-08
4
A
0
19123
0
A
Common Stock, $0.0001 par value
19123.0
42570
D
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, 2025 and 40% of which vest based on adjusted EBITDA for the fiscal year ending September 30, 2025, the sum of which will be adjusted by a compound annual total shareholder return ("TSR") modifier (which modifier may result in the adjustment of the performance units by up to 25% either upward or downward). For purposes of determining the TSR, the change in the price of the UTI Common Stock is based upon the 30-trading day average closing stock price (i) immediately preceding and through grant date, and (ii) immediately preceding and through the 3rd anniversary of grant date (ending price). The amount represents the maximum number of shares that may be delivered pursuant to the award, which is 187.5% of the target number of shares.
Each restricted stock unit represents a contingent right to receive one share of Common Stock.
The restricted stock units vest in three equal annual installments beginning on December 8, 2023.
/s/ Eric Severson, by Christopher Kevane. as Attorney-in-Fact
2023-01-10