Statement of Changes in Beneficial Ownership (4)
June 06 2023 - 11:10AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
O'Shaughnessy Timothy |
2. Issuer Name and Ticker or Trading Symbol
PREFORMED LINE PRODUCTS CO
[
PLPC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) V.P. Human Resources |
(Last)
(First)
(Middle)
660 BETA DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/6/2023 |
(Street)
MAYFIELD VILLAGE, OH 44143 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common shares, $2 par value | 6/6/2023 | | M | | 2500 (1) | A | $61.39 | 6153 | D | |
Common shares, $2 par value | 6/6/2023 | | D | | 2500 | D | $150.88 | 3653 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee stock option (right to buy) | $61.39 | 6/6/2023 | | M | | | 2500 (1) | 12/12/2019 | 12/12/2029 | Common Shares, $2 par value | 5000 | $61.39 | 0 | D | |
Restricted stock units | $0.00 | | | | | | | (2) | (2) | Common Shares, $2 par value | 1108 | | 1108 | D | |
Restricted stock units | $0.00 | | | | | | | (2) | (2) | Common Shares, $2 par value | 1447 | | 1447 | D | |
Restricted stock units | $0.00 | | | | | | | (2) | (2) | Common Shares, $2 par value | 1058 | | 1058 | D | |
Explanation of Responses: |
(1) | On December 12, 2018, the reporting person was granted 5,000 stock options, of which 2,500 will vest on December 12, 2019, 1,250 will vest on December 12, 2020, and the remaining 1,250 will vest on December 12, 2021. This transaction refers to the exercise of the vested 2,500 shares at the option strike price. |
(2) | Restricted stock units vest 3 years from the date of grant. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
O'Shaughnessy Timothy 660 BETA DRIVE MAYFIELD VILLAGE, OH 44143 |
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| V.P. Human Resources |
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Signatures
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/s/Caroline S. Vaccariello, by power of attorney | | 6/6/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | 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). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
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. |
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