0001179110-20-003329.txt : 20200309
0001179110-20-003329.hdr.sgml : 20200309
20200309173536
ACCESSION NUMBER: 0001179110-20-003329
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200305
FILED AS OF DATE: 20200309
DATE AS OF CHANGE: 20200309
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: 20699086
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
2020-03-05
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
2020-03-05
4
A
0
20161
0
A
Common Stock
20161
20161
D
Restricted Stock Units
2020-03-05
4
A
0
20161
0
A
Common Stock
20161
20161
D
Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share, par value $0.01 per share of Issuer's common stock ("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 based upon the achievement of certain performance metrics tied to adjusted EBITDA and free cash flow, as determined by the Compensation Committee at the time of grant, over a three-year performance period commencing on January 1, 2020 and ending on December 31, 2022 (the "Performance Period"). 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 March 5, 2021, one-third of the restricted stock units shall become vested provided that the reporting person is in the employ of the Issuer at the time of such vesting.
Andrew M. Laurence
2020-03-09