Paul Yousif - 11 Dec 2021 Form 4 Insider Report for Blue Bird Corp (BLBD)

Role
General Counsel & Treasurer
Signature
/s/ Paul Yousif
Issuer symbol
BLBD
Transactions as of
11 Dec 2021
Net transactions value
+$286,001
Form type
4
Filing time
14 Dec 2021, 13:18:15 UTC
Previous filing
18 May 2021
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLBD Common Stock, par value $0.0001 per share Disposed to Issuer $9,947 -614 -3.8% $16.20 15,426 11 Dec 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Disposed to Issuer $9,948 -491 -3.2% $20.26 14,935 11 Dec 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Disposed to Issuer $19,895 -1,171 -7.8% $16.99 13,764 11 Dec 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Tax liability $4,336 -214 -1.6% $20.26 13,550 11 Dec 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Tax liability $4,633 -286 -2.1% $16.20 13,264 11 Dec 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Award $66,960 +3,348 +25% $20.00 16,612 11 Dec 2021 Direct F1, F2
transaction BLBD Common Stock, par value $0.0001 per share Award $267,800 +13,390 +81% $20.00 30,002 11 Dec 2021 Direct F1, F3

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 BLBD Common Stock Award $0 +5,150 $0.000000 5,150 11 Dec 2021 Common Stock 5,150 $20.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation.
F2 The RSU's vest 1/3 on each of the dates December 11, 2022, December 11, 2023 and December 11, 2024 subject to downward adjustments consistent with each respective fiscal year's actual percentage payout of the Management Performance bonus award. Any downward adjustments shall not reduce the number of RSU's that vest below 50% of the amount(s) granted.
F3 The RSUs vest in four equal installments (7/1/2022, 7/1/2023, 7/1/2024, 7/1/2025).
F4 Award represents one option grant which vests over a three year period in equal installments (12/11/2022, 12/11/2023, 12/11/2024).