Statement of Changes in Beneficial Ownership (4)
March 30 2022 - 04:46PM
Edgar (US Regulatory)
FORM 4
[ ] 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
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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 * Heiter
Matthew S. |
2. Issuer Name and Ticker or Trading
Symbol NN INC [ NNBR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Senior VP and General Counsel |
(Last)
(First)
(Middle)
6210 ARDREY KELL ROAD |
3. Date of Earliest Transaction (MM/DD/YYYY)
3/28/2022
|
(Street)
CHARLOTTE, NC 28277
(City)
(State)
(Zip)
|
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 |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
3/28/2022 |
|
A(1) |
|
47619 |
A |
$0 |
130965 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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 |
Performance Rights |
(2) |
3/28/2022 |
|
A |
|
44670 |
|
(3) |
(3) |
Common Stock |
44670.0 |
$0 |
44670 |
D |
|
Explanation of
Responses: |
(1) |
Shares are restricted stock
and vest in three equal annual installments beginning on March 28,
2023. |
(2) |
Each performance right
represents a contingent right to receive one share of common stock
of NN, Inc. (the "Issuer"). |
(3) |
The performance rights will
vest pursuant to the terms and subject to the conditions set forth
in the Issuer's 2019 Omnibus Incentive Plan and the applicable
Performance Share Unit Award Agreement based on the relative total
shareholder return ("TSR") of the Issuer, as compared to the TSR of
a custom S&P "MicroCap" Capital Goods Index over the period
beginning on January 1, 2022 and ending December 31, 2024. The
performance rights granted represent the right to receive the
target shares, and actual performance rights earned may be between
25% and 150% of the target shares. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Heiter Matthew S.
6210 ARDREY KELL ROAD
CHARLOTTE, NC 28277 |
|
|
Senior VP and General Counsel |
|
Signatures
|
/s/ Matthew S. Heiter |
|
3/30/2022 |
**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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