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

Role
General Counsel & Treasurer
Signature
/s/ Paul Yousif
Stock symbol
BLBD
Transactions as of
Dec 11, 2021
Transactions value $
$286,001
Form type
4
Date filed
12/14/2021, 01:18 PM
Previous filing
May 18, 2021
Next filing
Mar 2, 2022

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 -$9.95K -614 -3.83% $16.20 15.4K Dec 11, 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Disposed to Issuer -$9.95K -491 -3.18% $20.26 14.9K Dec 11, 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Disposed to Issuer -$19.9K -1.17K -7.84% $16.99 13.8K Dec 11, 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Tax liability -$4.34K -214 -1.55% $20.26 13.6K Dec 11, 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Tax liability -$4.63K -286 -2.11% $16.20 13.3K Dec 11, 2021 Direct
transaction BLBD Common Stock, par value $0.0001 per share Award $67K +3.35K +25.24% $20.00 16.6K Dec 11, 2021 Direct F1, F2
transaction BLBD Common Stock, par value $0.0001 per share Award $268K +13.4K +80.6% $20.00 30K Dec 11, 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 +5.15K $0.00 5.15K Dec 11, 2021 Common Stock 5.15K $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).