Filing Details

Accession Number:
0001209191-14-013132
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-02-21 16:40:56
Reporting Period:
2014-02-19
Filing Date:
2014-02-21
Accepted Time:
2014-02-21 16:40:56
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1424847 Lorillard Inc. LO Cigarettes (2111) 131911176
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1425600 E. Charles Hennighausen 714 Green Valley Road
Greensboro NC 27408
Executive Vice President No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-02-19 17,129 $0.00 81,210 No 4 A Direct
Common Stock Acquisiton 2014-02-19 4,793 $0.00 86,003 No 4 A Direct
Common Stock Disposition 2014-02-20 11,023 $47.27 74,980 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 S Direct
Footnotes
  1. The shares reflect the portion of the 2013 Performance Restricted Stock Units ("RSUs") granted on February 13, 2013 that were earned based on the Company's achievement of target adjusted earnings per share for 2013 and converted to 17,129 shares of restricted stock, which vest on the third anniversary of the 2013 grant date, subject to continued employment.
  2. The restricted stock vests on the third anniversary of the grant date, subject to continued employment.
  3. The shares were sold to fund withholding taxes in connection with the February 17, 2014 vesting of restricted stock granted on February 16, 2011. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 18, 2011.
  4. Represents the weighted average sale price. The shares were sold at prices ranging from $47.11 to $47.62. The reporting person undertakes to provide upon request to the SEC staff, the issuer or security holders of the issuer information regarding the number of shares and prices at which the transaction was effected.