Filing Details

Accession Number:
0001408287-15-000081
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-03-18 18:41:57
Reporting Period:
2015-03-16
Filing Date:
2015-03-18
Accepted Time:
2015-03-18 18:41:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1408287 Zep Inc. ZEP Specialty Cleaning, Polishing And Sanitation Preparations (2842) 260783366
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1183392 K John Morgan 1310 Seaboard Industrial Blvd. Nw
Atlanta GA 30318
Chairman, President & Ceo Yes 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 2015-03-16 30,000 $9.77 294,530 No 4 M Direct
Common Stock Disposition 2015-03-16 30,000 $16.70 264,530 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Disposition 2015-03-16 30,000 $0.00 30,000 $9.77
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
128,523 2015-07-28 No 4 M Direct
Footnotes
  1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 9, 2014.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging, inclusively, from $16.48 to $16.93 on sales reported for March 16, 2015. The Reporting Person undertakes to provide to Zep Inc., any security holder of Zep Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
  3. The total direct shares shown includes 67,018 time-vesting restricted and/or performance shares.
  4. This stock option previously represented the right to purchase 79,990 shares of the common stock of our former parent company at an exercise price of $29.18. The stock option was converted to the right to purchase 238,999 shares of Zep Inc. (Zep) common stock at an exercise price of $9.77 effective with our spin off from our former parent company. The original option agreement provided for a four year ratable vesting schedule beginning one year after the grant date, July 29, 2006, and was fully vested on July 29, 2009.