lear SEC Filings 18
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lear SEC Filings 18 lear SEC Filings 18 Document Transcript

  • LEAR CORP Reported by MCCURDY LARRY W FORM 4 (Statement of Changes in Beneficial Ownership) Filed 02/03/09 for the Period Ending 01/31/09 Address 21557 TELEGRAPH ROAD SOUTHFIELD, MI 48033 Telephone 2484471500 CIK 0000842162 Symbol LEA SIC Code 3714 - Motor Vehicle Parts and Accessories Industry Auto & Truck Parts Sector Consumer Cyclical Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2009, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.
  • OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE FORM 4 OMB Number: 3235-0287 COMMISSION Expires: February 28, 2011 Washington, D.C. 20549 [ ] Check this box if no Estimated average burden longer subject to Section 16. hours per response... 0.5 Form 4 or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP obligations may continue. OF SECURITIES See Instruction 1(b). 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(f) of the Investment Company Act of 1940 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer 1. Name and Address of Reporting Person * (Check all applicable) LEAR CORP [ LEA ] MCCURDY LARRY W __ X __ Director _____ 10% Owner 3. Date of Earliest Transaction (MM/DD/YYYY) (Last) (First) (Middle) _____ Officer (give title below) _____ Other (specify below) 1/31/2009 21557 TELEGRAPH ROAD (Street) 4. If Amendment, Date Original Filed 6. Individual or Joint/Group Filing (Check (MM/DD/YYYY) Applicable Line) SOUTHFIELD, MI 48033 _ X _ Form filed by One Reporting Person (City) (State) (Zip) ___ Form filed by More than One Reporting Person Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security 2. Trans. 2A. 3. Trans. 4. Securities 5. Amount of Securities Beneficially Owned 6. 7. Nature (Instr. 3) Date Deemed Code Acquired (A) or Following Reported Transaction(s) Ownership of Indirect Execution (Instr. 8) Disposed of (D) (Instr. 3 and 4) Form: Beneficial Date, if (Instr. 3, 4 and 5) Direct (D) Ownership any or Indirect (Instr. 4) (A) (I) (Instr. or 4) Code V Amount (D) Price Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivate 2. 3. Trans. 3A. 4. 5. Number of 6. Date Exercisable 7. Title and Amount 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative Securities and Expiration Date of Securities Derivative of Ownership of Indirect (Instr. 3) or Exercise Execution Code Acquired (A) or Underlying Derivative Security derivative Form of Beneficial Price of Date, if (Instr. Disposed of (D) Security (Instr. 5) Securities Derivative Ownership Derivative any 8) (Instr. 3, 4 and 5) (Instr. 3 and 4) Beneficially Security: (Instr. 4) Security Owned Direct (D) Following or Indirect Amount or Reported (I) (Instr. Date Expiration Title Number of Transaction 4) Exercisable Date Shares Code V (A) (D) (s) (Instr. 4) 2009 Restricted 1/31/2009 89552.2388 Common 89552.2388 89552.2388 (1) (2) (2) A $0.00 D Units Stock M 2008 Restricted 1/31/2009 1067.4257 Common (1) (4) (4) 1067.4257 $0.00 2134.8514 D (3) Units Stock M 2007 Restricted 1/31/2009 886.7869 Common (1) (5) (5) 886.7869 $0.00 886.7869 D (3) Units Stock M 2006 Restricted 1/31/2009 1177.394 Common (1) (6) (6) 1177.394 $0.00 0 D (3) Units Stock M Deferred Stock 1/31/2009 3131.6066 Common 40525.6497 (7) (8) (8) 3131.6066 $1.005 D (3) Units Stock Deferred Stock 1/31/2009 25621.8905 Common 25621.8905 66147.5402 (7) (8) (8) A $1.005 D Units Stock Explanation of Responses: ( 1) Each restricted unit is equal in value to one share of Lear Corporation common stock. ( 2) The 2009 Restricted Units were granted on January 31, 2009 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. McCurdy has elected to defer 100% of amounts payable upon vesting of the 2009 Restricted Units, with 100% of such amounts credited to his deferred stock unit account. ( 3) Pursuant to deferral elections, Mr. McCurdy's deferred stock unit account is credited at the time of vesting of the 2006 Restricted Units,
  • 2007 Restricted Units and 2008 Restricted Units. The third tranche of the 2006 Restricted Units, the second tranche of the 2007 Restricted Units and the first tranche of the 2008 Restricted Units vested on January 31, 2009 and were converted into deferred stock units at such time. ( 4) The 2008 Restricted Units were granted on January 31, 2008 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. McCurdy has elected to defer 100% of amounts payable upon vesting of the 2008 Restricted Units, with 100% of such amounts credited to his deferred stock unit account on each such vesting date. ( 5) The 2007 Restricted Units were granted on January 31, 2007 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. McCurdy has elected to defer 100% of amounts payable upon vesting of the 2007 Restricted Units, with 100% of such amounts credited to his deferred stock unit account on each such vesting date. ( 6) The 2006 Restricted Units were granted on January 31, 2006 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. McCurdy has elected to defer 100% of amounts payable upon vesting of the 2006 Restricted Units, with 100% of such amounts credited to his deferred stock unit account on each such vesting date. ( 7) Each stock unit is equal in value to one share of Lear Corporation common stock ( 8) The deferred stock units were accrued under the Lear Corporation Outside Directors Compensation Plan pursuant to a deferral election (with respect to the director's cash retainer, meeting fees and/or restricted unit grants) and are generally to be paid out in cash upon the earlier of either Mr. McCurdy's retirement as a director of Lear Corporation or a change in control of Lear Corporation. Reporting Owners Relationships Reporting Owner Name / Address Director 10% Owner Officer Other MCCURDY LARRY W 21557 TELEGRAPH ROAD X SOUTHFIELD, MI 48033 Signatures /s/ Karen Rosbury as attorney-in-fact 2/3/2009 Date ** Signature of Reporting Person 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.