0001179110-19-012533.txt : 20191209 0001179110-19-012533.hdr.sgml : 20191209 20191209060415 ACCESSION NUMBER: 0001179110-19-012533 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191205 FILED AS OF DATE: 20191209 DATE AS OF CHANGE: 20191209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Laurence Andrew M CENTRAL INDEX KEY: 0001511698 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35588 FILM NUMBER: 191274225 MAIL ADDRESS: STREET 1: C/O API TECHNOLOGIES CORP. STREET 2: ONE NORTH WACKER DRIVE SUITE 4400 CITY: CHICAGO STATE: IL ZIP: 60606 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Franchise Group, Inc. CENTRAL INDEX KEY: 0001528930 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 273561876 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 BUSINESS ADDRESS: STREET 1: 1716 CORPORATE LANDING PARKWAY CITY: VIRGINIA BEACH STATE: VA ZIP: 23454 BUSINESS PHONE: 757-493-8855 MAIL ADDRESS: STREET 1: 1716 CORPORATE LANDING PARKWAY CITY: VIRGINIA BEACH STATE: VA ZIP: 23454 FORMER COMPANY: FORMER CONFORMED NAME: Liberty Tax, Inc. DATE OF NAME CHANGE: 20140714 FORMER COMPANY: FORMER CONFORMED NAME: JTH Holding, Inc. DATE OF NAME CHANGE: 20110830 4 1 edgar.xml FORM 4 - X0306 4 2019-12-05 0 0001528930 Franchise Group, Inc. FRG 0001511698 Laurence Andrew M 1716 CORPORATE LANDING PARKWAY VIRGINIA BEACH VA 23454 1 1 0 0 Executive Vice President Performance Restricted Stock Units 2019-12-05 4 A 0 110000 0 A Common Stock 110000 110000 D Restricted Stock Units 2019-12-05 4 A 0 60000 0 A Common Stock 60000 60000 D Each performance restricted stock unit ("PRSUs") represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock. The maximum number of PRSUs is presented in the table. The resulting number of shares acquired upon vesting of the PRSU is measured as the absolute total share return of the price of Issuer's common stock over a three-year performance period commencing on September 30, 2019 and ending on September 30, 2022 (the "Performance Period"). The Issuer's total share return over the Performance Period will be measured against a peer group of companies selected by the Compensation Committee that is in effect on the date of grant. Vesting of the target level PRSUs will accelerate upon death or disability in an amount equal to the proportion of days in the Performance Period worked. Vesting of the target PRSUs may also accelerate in certain circumstances if there is a change in control of the Issuer during the Performance Period. Each restricted stock unit represents the right to receive, at settlement, one share of Issuer's common stock. Each year for three years starting October 2, 2020, one-third of the restricted stock units shall be come vested provided that the reporting person is in the employ of the Issuer at the time of such vesting. Andrew M. Laurence 2019-12-09