0000914260-16-000071.txt : 20160119 0000914260-16-000071.hdr.sgml : 20160118 20160119152553 ACCESSION NUMBER: 0000914260-16-000071 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160118 FILED AS OF DATE: 20160119 DATE AS OF CHANGE: 20160119 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PROVIDENCE & WORCESTER RAILROAD CO/RI/ CENTRAL INDEX KEY: 0000831968 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 050344399 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 75 HAMMOND ST CITY: WORCESTER STATE: MA ZIP: 01610 BUSINESS PHONE: 5087554000 MAIL ADDRESS: STREET 1: PROVIDENCE & WORCESTER RAILROAD CO STREET 2: 75 HAMMOND STREET CITY: WORCESTER STATE: MA ZIP: 01610 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Noreck Daniel T CENTRAL INDEX KEY: 0001501707 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12761 FILM NUMBER: 161348163 MAIL ADDRESS: STREET 1: 75 HAMMOND STREET CITY: WORCESTER STATE: MA ZIP: 01610 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2016-01-18 0 0000831968 PROVIDENCE & WORCESTER RAILROAD CO/RI/ PWX 0001501707 Noreck Daniel T 75 HAMMOND STREET WORCESTER MA 01610 0 1 0 0 Treasurer Non-Qualified Stock Options (right to buy) 13.7 2016-01-18 4 A 0 7000 0 A 2017-01-18 2026-01-18 Common Stock 7000 7000 D Restricted Stock Unit 2016-01-18 4 A 0 10500 0 A 2025-01-03 Common Stock 10500 10500 D This non-qualified stock option becomes exercisable in five annual installments of 10% on January 18, 2017, 10% on January 18, 2018, 20% on January 18, 2019, 30% on January 18, 2020 and 30% on January 18, 2021. Each restricted stock unit represents the contingent right to receive one share of the Registrant's common stock upon vesting of the unit. The restricted stock units vest upon the annual achievement of reductions in certain operating expense ratios and in accordance with the following schedule: ten 10% on the first anniversary of the date of grant, 20% upon the second anniversary of the date of grant, 30% upon the third anniversary of the date of grant, and 30% upon the fourth anniversary of the date of grant subject to acceleration in the event of early achievement of the aforementioned reductions. /s/ Daniel T. Noreck 2016-01-19