0000914260-16-000072.txt : 20160119
0000914260-16-000072.hdr.sgml : 20160118
20160119153139
ACCESSION NUMBER: 0000914260-16-000072
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: Rennick Charles D
CENTRAL INDEX KEY: 0001564616
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12761
FILM NUMBER: 161348197
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
0001564616
Rennick Charles D
75 HAMMOND STREET
WORCESTER
MA
01610
0
1
0
0
Secretary
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 grant was 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: 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/ Charles D. Rennick
2016-01-19