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