Filing Details

Accession Number:
0001181431-13-022966
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-04-19 20:13:16
Reporting Period:
2013-04-17
Filing Date:
2013-04-19
Accepted Time:
2013-04-19 20:13:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1559865 Evertec Inc. EVTC Services-Computer Processing & Data Preparation (7374) 660783622
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1573744 E. Philip Steurer C/O Evertec, Inc., Cupey Center Building
Road 176, Kilometer 1.3
San Juan PR 00926
Chief Operating Officer 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
Class B Non-Voting Common Stock Disposition 2013-04-11 33,112 $0.00 0 No 4 D Direct
Common Stock Acquisiton 2013-04-11 33,112 $0.00 33,112 No 4 A Direct
Common Stock Acquisiton 2013-04-17 2,500 $20.00 35,612 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 D Direct
No 4 A Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Acquisiton 2013-04-17 300,000 $0.00 300,000 $6.04
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
300,000 2013-04-17 2022-08-01 No 4 A Direct
Footnotes
  1. On April 11, 2013, the Issuer's "class B non-voting common stock" was converted to "class A common stock" and on April 17, 2013, the "class A common stock" was renamed "common stock. All shares of common stock are subject to a lock-up agreement (the "Lock-Up Agreement") entered into by the Reporting Person in connection with the Issuer's initial public offering, which restricts the Reporting Person's ability to sell or otherwise dispose of such shares prior to October 9, 2013.
  2. Options related to 200,000 shares of common stock are currently vested and exercisable and the remaining options vest and become exercisable in five substantially equal installments on August 1, 2013, August 1, 2014, August 1, 2015, August 1, 2016 and August 1, 2017. The currently vested options vested and became exercisable on April 17, 2013 due to the satisfaction of investor internal rate of return targets due to the consummation of the initial public offering. All shares issued upon exercise of any options will be subject to the Lock-Up Agreement.