Accession Number: | 0001209191-18-005210 |
Date: | 2018-01-22 |
Issuer: | CITIGROUP INC (C) |
Original Submission Date: |
CORBAT MICHAEL
CITIGROUP INC., CORPORATE LAW DEPT.
153 EAST 53RD STREET, 19TH FLOOR
NEW YORK, NY 10022
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2018-01-22 | F | 44,862 | d | $78.19 | 419,913 | direct | ||
COMMON STOCK | 2018-01-22 | 0 | $0.00 | 1,781 | indirect |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PERFORMANCE SHARE UNITS | 0.0 | 2018-01-22 | deemed execution date | A | 64,879 (a) | common stock 64,879 | $0.00 | 64,879 | direct |
ID | footnote |
---|---|
f1 | withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded stock. |
f2 | on february 16, 2015 the reporting person received from the issuer a target award of 68,222.27 performance share units ("psus"), with the possibility to earn from 0% to 150% of the target award, based on (i) the issuer's average return on assets over the three-year period ending on december 31, 2017 (the "performance period") and (2) the issuer's total shareholder return relative to the total shareholder return of certain of its peer financial services companies during the performance period. based on the adjustments described above, the reporting person is entitled to receive 64,879.38 psus. |
f3 | (continuation of footnote 2) each psu is payable only in cash which is expected to be delivered on february 16, 2018. each psu is equivalent to the cash value of the average of the closing prices of one share of the issuer's common stock for the period january 12, 2018 through january 19, 2018, plus dividends declared on equivalent shares of the issuer's common stock from december 31, 2014 through february 16, 2018. |