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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Appreciation Right (1) | $ 42.66 | 04/01/2010 | A | 20,000 | 04/01/2011(2) | 04/01/2020 | Common Stock | 20,000 | $ 42.66 | 20,000 | D | ||||
Employee Stock Option (Right to Buy) (1) | $ 42.66 | 04/01/2010 | A | 20,000 | 04/01/2011(2) | 04/01/2020 | Common Stock | 20,000 | $ 42.66 | 20,000 | D | ||||
Restricted Stock Units | $ 0 (3) | 04/01/2010 | A | 4,750 | (4) | (4) | Common Stock | 4,750 | $ 0 | 4,750 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Donahue Paul D 2999 CIRCLE 75 PKWY ATLANTA, GA 30339 |
Executive Vice President |
Carol B. Yancey Attorney in Fact | 04/02/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The stock appreciation right and the employee stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other. |
(2) | The stock appreciation rights vest 1/3 per year beginning on the first anniversary of the grant date provided the reporting person is still employed on those dates, subject to earlier vesting in certain events. |
(3) | Each restricted stock unit represents a contingent right to receive one share of GPC common stock at a future date. |
(4) | The restricted stock units will be earned on December 31, 2010 provided certain pre-tax profit targets are achieved by GPC for fiscal year 2010. If earned, the units will vest and convert to shares of common stock on December 31, 2014 provided the reporting person is still employed on that date, subject to earlier vesting in certain events. |