14th Jul 2017 17:38
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: | Vantiv, Inc. ("Vantiv") |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
|
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Vantiv, Inc. |
(d) Is the discloser the offeror or the offeree? | Offeror |
(e) Date position held: The latest practicable date prior to the disclosure | 13 July 2017 |
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | No |
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
Class of relevant security:
| Class A Common Stock | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 0 | 0 | 0 | 0 |
(2) Cash-settled derivatives:
| 0 | 0 | 0 | 0 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 0 | 0 | 0 | 0 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: | N/A |
Details, including nature of the rights concerned and relevant percentages: | N/A |
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
3.1 Vantiv Directors
Name of Director | Number of Class A Common Stock held | Percentage of total issued Class A Common Stock (excluding treasury shares) |
Charles Drucker | 222,885 85,000A | 0.19% |
Mark Heimbouch | 79,626 | 0.05% |
Lisa Hook | 0 | 0% |
Lars Anderson | 0 | 0% |
Kevin Costello | 0 | 0% |
David Karnstedt | 2,590 | 0% |
Boon Sim | 0 | 0% |
Jeffrey Stiefler | 12 | 0% |
Lee Adrean | 0 | 0% |
Gary Lauer | 0 | 0% |
Mark Sunday | 0 | 0% |
A - Held through a limited liability company jointly owned with spouse
3.2 Directors' Options
In addition to the interests in Class A common stock noted above, Charles Drucker, Mark Heimbouch, Lee Adrean, Kevin Costello, Lisa Hook, David Karnstedt, Gary Lauer, Boon Sim, Jeffrey Stiefler, and Mark Sunday have been granted the following awards over shares:
(a) Restricted Stock Units 1
1 - Each restricted stock unit represents a contingent right to receive one share of Vantiv, Inc. Class A Common Stock. Unless otherwise noted, vested shares will be delivered to the director following termination of service as a director.
Mark Heimbouch
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan | 2/18/2014 | 1,7731 |
1 - Vests in full on February 18, 2018
Lee Adrean
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/21/2012 | 7,058 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/30/2012 | 153 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2012 | 1,074 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 9/30/2012 | 1,160 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 12/31/2012 | 1,224 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/30/2013 | 5,326 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/29/2014 | 4,030 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/28/2015 | 3,378 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/10/2016 | 2,590 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/2/2017 | 2,320 |
Kevin Costello
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 7/11/2014 | 2,923 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/28/2015 | 3,378 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/10/2016 | 2,590 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/2/2017 | 2,320 |
Lisa Hook
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 2/10/2015 | 944 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/28/2015 | 3,378 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/10/2016 | 2,590 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/2/2017 | 2,320 |
David Karnstedt
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 8/1/2014 | 2,730 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/28/2015 | 3,378 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/2/2017 | 2,3201 |
1 - Each restricted stock unit represents a contingent right to receive one share of Vantiv, Inc. Class A Common Stock. The restricted stock units vest on the earlier of one year from the date of the grant and the next annual meeting of stockholders.
Gary Lauer
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/21/2012 | 7,058 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/30/2013 | 5,326 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/29/2014 | 4,030 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/28/2015 | 3,378 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/10/2016 | 2,590 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/2/2017 | 2,320 |
Boon Sim
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/10/2016 | 2,590 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2016 | 397 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 9/30/2016 | 399 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 12/31/2016 | 377 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/31/2017 | 350 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/2/2017 | 2,320 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2017 | 355 |
Jeffrey Stiefler
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/21/2012 | 10,588 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/30/2012 | 184 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2012 | 1,289 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 9/30/2012 | 1,392 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 12/31/2012 | 1,469 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/31/2013 | 1,263 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/30/2013 | 7,989 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2013 | 1,086 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 9/30/2013 | 1,073 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 12/31/2013 | 919 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/31/2014 | 992 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/28/2014 | 6,046 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2014 | 892 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 9/30/2014 | 970 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 12/31/2014 | 884 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/31/2015 | 795 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 4/28/2015 | 4,504 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2015 | 785 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 9/30/2015 | 667 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 12/31/2015 | 632 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/31/2016 | 556 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/10/2016 | 3,215 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2016 | 1,176 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 9/30/2016 | 644 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 12/31/2016 | 608 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 3/31/2017 | 565 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/2/2017 | 3,360 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 6/30/2017 | 572 |
Mark Sunday
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 7/26/2016 | 2,031 |
Vantiv 2012 Equity Compensation Plan, Director Compensation Program | 5/2/2017 | 2,320 |
(b) Restricted Stock Awards
Mark Heimbouch
Plan | Grant Date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan | 2/24/2015 | 3,3691 |
Vantiv 2012 Equity Compensation Plan | 2/24/2015 | 53,9082 |
1 - 1,684 units vest on February 24, 2018 and 1,685 units vest on February 24, 2019
2 - Vests in two equal annual instalments on August 31, 2017 and August 31, 2018
(c) Options
Charles Drucker
Plan | Grant Date | Expiry date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan | 2/27/2013 | 2/27/2023 | 176,056 |
Vantiv 2012 Equity Compensation Plan | 2/18/2014 | 2/18/2024 | 165,380 |
Vantiv 2012 Equity Compensation Plan | 2/24/2015 | 2/24/2025 | 158,514 |
Vantiv 2012 Equity Compensation Plan | 2/17/2016 | 2/17/2026 | 215,517 |
Vantiv 2012 Equity Compensation Plan | 2/08/2017 | 2/08/2027 | 218,102 |
Mark Heimbouch
Plan | Grant Date | Expiry date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan | 2/27/2013 | 2/27/2023 | 61,971 |
Vantiv 2012 Equity Compensation Plan | 2/18/2014 | 2/18/2024 | 48,511 |
Vantiv 2012 Equity Compensation Plan | 2/24/2015 | 2/24/2025 | 45,289 |
Vantiv 2012 Equity Compensation Plan | 2/17/2016 | 2/17/2026 | 71,839 |
Vantiv 2012 Equity Compensation Plan | 2/08/2017 | 2/08/2027 | 68,157 |
(d) Performance Share Awards
Charles Drucker
Plan | Grant Date | Expiry date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan | 2/24/2015 | 2/24/2015 | 94,3381 |
Vantiv 2012 Equity Compensation Plan | 2/17/2016 | 2/17/2026 | 119,9762 |
Vantiv 2012 Equity Compensation Plan | 2/8/2017 | 2/8/2027 | 124,3383 |
1 - Vests in full on February 24, 2018
2 - Vests in full on February 17, 2019
3 - Vests in full on February 8, 2020
Mark Heimbouch
Plan | Grant Date | Expiry date | Number of relevant securities under option |
Vantiv 2012 Equity Compensation Plan | 2/24/2015 | 2/24/2015 | 26,9541 |
Vantiv 2012 Equity Compensation Plan | 2/24/2015 | 2/24/2015 | 53,9082 |
Vantiv 2012 Equity Compensation Plan | 2/17/2016 | 2/17/2026 | 39,9923 |
Vantiv 2012 Equity Compensation Plan | 2/8/2017 | 2/8/2027 | 38,8564 |
1 - Vests in full on February 24, 2018
2 - Vests in two equal annual instalments on August 31, 2017 and August 31, 2018
3 - Vests in full on February 17, 2019
4 - Vests in full on February 8, 2020
Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure: |
None
|
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
|
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) | NO |
Supplemental Form 8 (SBL) | NO |
| Date of disclosure: | 14 July 2017 |
| Contact name: | Bryan A. Jacobs |
| Telephone number: | +1 513-900-5261 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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