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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
2007 Stock Incentive Plan Performance Shares | (5) | 12/31/2012 | M | 22,181 (6) | 12/31/2012 | (7) | Common Stock | 22,181 (6) | $ 0 (8) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Gergel Ivan P. C/O ENDO HEALTH SOLUTIONS INC. 100 ENDO BOULEVARD CHADDS FORD, PA 19317 |
EVP, Research & Development |
/s/ Caroline B. Manogue, by power of attorney | 01/03/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On December 31, 2012, the cumulative 3-year performance period for Dr. Gergel's February 19, 2010 grant of performance shares concluded. At this time, the performance shares were converted into 33,271 shares of common stock. Of this amount, 14,705 shares were withheld by the issuer to satisfy tax obligations on shares acquired and 18,566 shares were transferred to Dr. Gergel effective immediately. |
(2) | This represents the automatic conversion of performance shares granted to Dr. Gergel on February 19, 2010 to shares of Endo Health Solutions Inc. common stock pursuant to the terms of the underlying award agreement. |
(3) | These shares represent stock withheld by the issuer to satisfy tax withholding obligations on shares acquired upon vesting of performance shares. |
(4) | Represents the value of shares withheld by the Company to cover tax withholding obligations. |
(5) | At the conclusion of the cumulative 3-year performance period, the performance shares vest and are converted into a determinable quantity of shares of common stock upon the Company achieving certain financial targets. |
(6) | Represents target quantity of shares issuable. The exact number of shares issued is determined based on achievement of certain company performance targets over a cumulative 3-year period, as determined by the Compensation Committee of the Board of Directors of Endo Health Solutions Inc. The executive earns between 0% and 200% of the target shares. |
(7) | There is no expiration date for performance shares. |
(8) | These securities were granted to Dr. Gergel in consideration of his services as the Executive Vice President, Research & Development & Chief Scientific Officer of Endo Health Solutions Inc. |