Form 4 for ICE Intercontinental Exchange
Accepted 2022-02-18 00:00:00 ET · period of report 2022-02-16 · accession 0001209191-22-011321 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-02-18 | 2022-02-16 | ICE | Namkung James W | CAO | F - Tax | $125.72 | -519 | 19.9K | -3% | -$65.2K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-16 | F | D | 519 | $125.72 | 19,899 | D | — | — | (F1) Represents shares of performance based restricted stock units granted to the filing person on February 7, 2020. The vesting of the shares of performance based restricted stock units was conditioned upon the achievement of certain 2020 earnings before interest, taxes, depreciation, and amortization ("EBITDA") performance versus pre-established targets. The restricted stock units vest over three years (1/3 on February 16, 2021, 1/3 on February 16, 2022 and 1/3 on February 16, 2023). Of the 3,446 shares remaining, 1,723 were issued on February 16, 2022, of which 519 shares were withheld to satisfy payment of the Issuer's tax withholding obligation. The remaining 1,723 shares are scheduled to be issued on February 16, 2023 and taxes for this future issuance will be withheld and reported at the time the shares are issued. (F2) The common stock number referred in Table I is an aggregate number and represents 11,631 shares of common stock and 1,326 unvested restricted stock units ("RSUs"), and 6,942 unvested performance based restricted stock units ("PSU's"), for which the performance period has been satisfied. The RSUs and PSUs vest over a three year period, in which 33.33% of the units vest each year. The satisfaction of the 2022 PSUs tied to earnings before interest, taxes, depreciation, and amortization, ("EBITDA") and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2023 and will be reported at the time of vesting. The satisfaction of the 2022 total shareholder return performance based restricted stock units and the corresponding number of shares to be issued pursuant to these awards, will not be determined until February 2025 and will be reported at the time of vesting. |