FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SERVICEMASTER GLOBAL HOLDINGS INC [ SERV ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/01/2018 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 10/01/2018 | M | 15,757(1) | A | (1) | 17,978 | D | |||
Common Stock | 10/01/2018 | F | 6,434(2) | D | $40.5385(3) | 11,544 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Restricted Stock | (1) | 10/01/2018 | M | 15,757 | (1) | (1) | Common Stock | 15,757 | (1) | 0 | D | ||||
Restricted Stock Units | (4) | 02/18/2018 | J | V | 12,141 | (4) | (4) | Common Stock | 12,141 | (4) | 12,141 | D | |||
Employee Stock Options (Right To Buy) | $26.01 | 02/20/2017 | J | V | 44,832 | (5)(6) | (5)(6) | Common Stock | 44,832(5)(6) | (5)(6) | 44,832 | D | |||
Employee Stock Options (Right To Buy) | $37.07 | 02/18/2018 | J | V | 37,045 | (7)(6) | (7)(6) | Common Stock | 37,045 | (7)(6) | 37,045 | D | |||
Restricted Stock Units | (8) | 01/24/2017 | J | V | 6,558 | (4)(8) | (4)(8) | Common Stock | 6,558 | (4)(8) | 6,558 | D |
Explanation of Responses: |
1. The executive was originally granted 10,669 shares of Performance Restricted Stock Units on July 26, 2017 in connection with the proposed spin-off of the American Home Shield business. Upon the completion of the spin-off on October 1, 2018, the executives Performance Restricted Stock units were converted into ServiceMaster Performance Restricted Stock Units and settled in ServiceMaster Global Holdings, Inc stock. |
2. The reporting person is reporting the sale of shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting and delivery of shares. |
3. The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.48-$40.6850, inclusive. The reporting person undertakes to provide ServiceMaster, any security holder of ServiceMaster, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. |
4. Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on February 18, 2018, and become vested and settled in three equal installments on the first three anniversaries of the grant date, subject to continued employment with the Company. |
5. The stock options were granted on February 20, 2017, and vest and become exercisable in four equal installments on the first anniversary of the grant date, subject to continued employment. |
6. The number of RSU(s), stock options and the exercise price for the stock options were all adjusted in connection with the spin-off based on the closing price of ServiceMaster's stock on September 28, 2018 and the opening price of ServiceMaster's stock on October 1, 2018. |
7. The stock options were granted on February 18, 2018 , and vest and become exercisable in four equal installments on the first anniversary of the grant date, subject to continued employment. |
8. Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on January 24, 2017, and become vested and settled in three equal installments on the first three anniversaries of the grant date, subject to continued employment with the Company. |
Dirk R. Gardner, Attorney In Fact for Anthony D. DiLucente | 10/03/2018 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |