Somasundhar Venkatasubramanian Under Power-Of - 20 Sep 2021 Form 4 Insider Report for Cooper-Standard Holdings Inc. (CPS)

Role
Senior Vice President, Chief Information Technology Officer
Signature
/s/ Denise Balog, on behalf of Somasundhar Venkatasubramanian under power-of-attorney
Issuer symbol
CPS
Transactions as of
20 Sep 2021
Net transactions value
$0
Form type
4
Filing time
21 Sep 2021, 17:52:32 UTC
Next filing
18 Feb 2022
SEC
View on sec.gov

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 CPS Employee stock options (right to buy) Award $0 +10,505 $0.000000 10,505 20 Sep 2021 Common stock 10,505 $22.38 Direct F1, F2
transaction CPS Restricted Stock Units Award $0 +5,027 $0.000000 5,027 20 Sep 2021 Common stock 5,027 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These are time-restricted employee stock options with the right to buy, granted to the reporting person on September 20, 2021, under the Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan.
F2 Subject to the reporting person's continued employment with the company or its affiliate, one third of the options shall vest on each of the first three anniversaries of the grant date.
F3 These are restricted stock units (RSUs) granted to the reporting person on September 20, 2021, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan.
F4 The company, in its sole discretion, settles such RSUs by electing either to (i) make an appropriate book entry in the reporting person's name for a number of shares equal to the number of RSUs that have vested or (ii) deliver an amount of cash equal to the fair market value, determined as of the vesting date, of a number of shares equal to the number of RSUs that have vested.
F5 Subject to the reporting person's continued employment with the company or its affiliate, these RSUs shall vest and no longer be subject to forfeiture on the third anniversary date of the grant.

Remarks:

Senior Vice President, Chief Information Technology Officer