Michael R. Dunn - 19 Aug 2021 Form 4 Insider Report for Regional Management Corp. (RM)

Role
Director
Signature
/s/ Catherine R. Atwood, attorney-in-fact
Issuer symbol
RM
Transactions as of
19 Aug 2021
Transactions value $
-$907,610
Form type
4
Filing time
23 Aug 2021, 16:28:11 UTC
Previous filing
03 Jun 2021
Next filing
31 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RM Common Stock Options Exercise $151K +10K +12.02% $15.06 93.2K 19 Aug 2021 Direct
transaction RM Common Stock Options Exercise $320K +21.7K +23.28% $14.75 115K 19 Aug 2021 Direct
transaction RM Common Stock Options Exercise $307K +18K +15.67% $17.08 133K 19 Aug 2021 Direct
transaction RM Common Stock Tax liability -$1.69M -30.6K -23.04% $55.06 102K 19 Aug 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RM Employee Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 19 Aug 2021 Common Stock 10K $15.06 Direct F3
transaction RM Employee Stock Option (right to buy) Options Exercise $0 -21.7K -100% $0.00* 0 19 Aug 2021 Common Stock 71.7K $14.75 Direct
transaction RM Employee Stock Option (right to buy) Options Exercise $0 -18K -26.8% $0.00 49.2K 19 Aug 2021 Common Stock 67.2K $17.08 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. These shares were withheld by the issuer (1) for payment of the exercise prices based on the market price of the issuer's common stock at the time of the option exercises on August 19, 2021; and (2) in satisfaction of tax withholding obligations upon the exercise of the stock options. These are non-market transactions.
F2 Represents the closing market price of the issuer's common stock at the time of the option exercises on August 19, 2021.
F3 The option vested and became exercisable in three equal installments on each of December 31, 2015, December 31, 2016, and December 31, 2017. The option is now fully exercisable.
F4 The option vested and became exercisable in three equal installments on each of December 31, 2016, December 31, 2017, and December 31, 2018. The option is now fully exercisable.