Accession Number: | 0001166003-22-000017 |
Date: | 2022-01-15 |
Issuer: | XPO LOGISTICS, INC. (XPO) |
Original Submission Date: |
ROBINSON LANCE A
C/O XPO LOGISTICS, INC.
FIVE AMERICAN LANE
GREENWICH, CT 06831
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, PAR VALUE $0.001 PER SHARE | 2022-01-15 | M | 3,816 | a | $0.00 | 74,216 | direct | ||
COMMON STOCK, PAR VALUE $0.001 PER SHARE | 2022-01-15 | F | 2,003 | d | $70.41 | 72,213 | direct |
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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RESTRICTED STOCK UNIT | 0.0 | 2022-01-15 | deemed execution date | M | 3,816 (d) | common stock, par value $0.001 per share 3,816 | $0.00 | 3,815 | direct |
ID | footnote |
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f1 | no shares were sold by the reporting person. these shares were withheld by the issuer to fund tax liability attributable to the vesting and settlement of the restricted stock units ("rsus") reported on this form 4. these rsus vested and were settled as originally scheduled, and there were no related discretionary transactions or open market sales. |
f2 | each rsu represents a contingent right to receive, upon settlement, either (i) one share of common stock or (ii) a cash payment equal to the fair market value of one share of common stock. |
f3 | reflects previously granted rsus with adjustments to the number of shares of common stock underlying such rsus to maintain the economic value of the shares of common stock underlying the rsus prior to the issuer's spin-off of its logistics segment on august 2, 2021 (the "spin-off"). these previously granted rsus have the same vesting and other applicable terms and conditions as they did immediately prior to the spin-off. |
f4 | 50% of these rsus vest on january 15, 2022 and 50% on january 15, 2023, generally subject to the reporting person's continued employment with the issuer through the applicable vesting date. |