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MEI Methode Electronics Inc

12.01
-0.18 (-1.48%)
Last Updated: 16:04:03
Delayed by 15 minutes
Share Name Share Symbol Market Type
Methode Electronics Inc NYSE:MEI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.18 -1.48% 12.01 12.33 11.995 12.20 30,940 16:04:03

Statement of Changes in Beneficial Ownership (4)

29/09/2020 11:56pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Khoury Joseph Elias
2. Issuer Name and Ticker or Trading Symbol

METHODE ELECTRONICS INC [ MEI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Operating Officer
(Last)          (First)          (Middle)

8750 W BRYN MAWR AVE., SUITE 1000
3. Date of Earliest Transaction (MM/DD/YYYY)

9/27/2020
(Street)

CHICAGO, IL 60631
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (1)9/27/2020  A  144000 A$0.00 342420 D  
Common Stock (2)9/27/2020  A  144000 A$0.00 486420 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) Restricted Stock granted under the Company's 2014 Omnibus Incentive Plan. The Restricted Stock is eligible to be earned based on the Company's Fiscal 2025 EBITDA, subject to certain adjustments.
(2) Restricted Stock Units granted under the Company's 2014 Omnibus Incentive Plan. The Restricted Stock Units are subject to a five-year vesting period, with 30% vesting on each of April 29, 2023 and May 4, 2024 and 40% vesting on May 3, 2025.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Khoury Joseph Elias
8750 W BRYN MAWR AVE.
SUITE 1000
CHICAGO, IL 60631


Chief Operating Officer

Signatures
Ronald L.G. Tsoumas as "Attorney-in-fact" for Joseph E. Khoury9/29/2020
**Signature of Reporting PersonDate

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