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MOD Modine Manufacturing Co

95.755
1.61 (1.70%)
Last Updated: 15:41:40
Delayed by 15 minutes
Share Name Share Symbol Market Type
Modine Manufacturing Co NYSE:MOD NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.61 1.70% 95.755 97.9188 95.54 96.58 142,866 15:41:40

Statement of Changes in Beneficial Ownership (4)

03/06/2020 12:14am

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 *

BURKE THOMAS ANDREW
2. Issuer Name and Ticker or Trading Symbol

MODINE MANUFACTURING CO [ MOD ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

1500 DEKOVEN AVE.
3. Date of Earliest Transaction (MM/DD/YYYY)

5/29/2020
(Street)

RACINE, WI 53403
(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 5/29/2020  F  9847 (1)D$5.35 657017 (2)D  
Common stock 5/30/2020  A  74094 (3)A$0 731111 (2)D  
Common stock 5/30/2020  F  6918 (1)D$5.35 724193 (2)D  
Common stock 5/31/2020  F  10287 (1)D$5.35 713906 (2)D  
Common stock 6/1/2020  F  6789 (1)D$5.34 707117 (2)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) Shares disposed of in a private transaction to cover tax withholding.
(2) This total includes 8165 units of Modine common stock held in the Reporting Person's Modine 401(k) Retirement Plan account.
(3) The performance period for Performance Stock under the long-term incentive compensation plan initiated in June 2017 terminated in calendar 2020. The amount of the award varied based upon the achievement of Threshold, Target or Maximum levels. Under that plan, the Company used two measures to determine the payouts: Three-Year Average ROACE ("ROACE") and Annual Revenue Growth. The Company's ROACE for the performance period was 8.2% and Annual Revenue Growth was 11.5%, both of which exceeded the Threshold level for those performance measures. As a result, in accordance with the long-term incentive compensation plan, the Company issued shares of unrestricted stock at approximately 126% of the Target.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
BURKE THOMAS ANDREW
1500 DEKOVEN AVE.
RACINE, WI 53403
X
President and CEO

Signatures
Sylvia A. Stein, Attorney in Fact6/2/2020
**Signature of Reporting PersonDate

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