Statement of Changes in Beneficial Ownership (4)
24 March 2022 - 9:25AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Riordan Michael Anthony |
2. Issuer Name and Ticker or Trading Symbol
FreightCar America, Inc.
[
RAIL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP Finance, CFO and Treasurer |
(Last)
(First)
(Middle)
125 SOUTH WACKER DRIVE, SUITE 1500 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/21/2022 |
(Street)
CHICAGO, IL 60606
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/21/2022 | | A(1) | | 40000 | A | $0.00 (2) | 68257 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option | $4.30 | 3/21/2022 | | A (3) | | 100000 | | (4) | 3/21/2032 | Common stock | 100000 | $0.00 (5) | 100000 | D | |
Employee Stock Option | $3.82 | | | | | | | (6) | 1/17/2032 | Common stock | 8799 | | 8799 | D | |
Employee Stock Option | $3.81 | | | | | | | (7) | 1/28/2031 | Common stock | 10467 | | 10467 | D | |
Employee Stock Option | $2.38 | | | | | | | (8) | 1/5/2031 | Common stock | 50000 | | 50000 | D | |
Employee Stock Appreciation Right | $2.58 | | | | | | | (9) | 11/30/2030 | Common stock | 25000 | | 25000 | D | |
Explanation of Responses: |
(1) | Exempt issuance of restricted shares under Rule 16 b-3 pursuant to the Issuer's 2018 Long Term Incentive Plan. These shares were granted on March 21, 2022 and will vest on March 21, 2025. The restricted shares are subject to certain restrictions (including possible forfeiture). |
(2) | The restricted shares were granted pursuant to the Issuer's 2018 Long Term Incentive Plan and no consideration was paid by the recipient for the restricted shares. |
(3) | Exempt issuance of options under Rule 16(b)-3 pursuant to the Issuer's 2018 Long Term Incentive Plan. |
(4) | The options vest in three equal annual installments beginning on March 21, 2023. |
(5) | The options were granted pursuant to the Issuer's 2018 Long Term Incentive Plan, for which no consideration was paid by the recipient. |
(6) | On January 17, 2022, the recipient was granted 8,799 options which will vest in three equal annual installments beginning on January 17, 2023. |
(7) | On January 28, 2021, the recipient was granted 10,467 options. 3,558 options are fully vested and currently exercisable, 3,454 options will vest on January 28, 2023 and 3,455 options will vest on January 28, 2024. |
(8) | On January 5, 2021 the recipient was granted 50,000 cash-settled stock options.17,000 cash-settled stock options are fully vested and currently exercisable, 16,500 cash-settled stock options will vest on January 5, 2023 and 16,500 cash-settled stock options will vest on January 5, 2024. |
(9) | On November 30, 2020 the recipient was granted 25,000 cash-settled stock appreciation rights. 8,500 cash-settled stock appreciation rights are fully vested and currently exercisable, 8,250 cash-settled stock appreciation rights will vest on November 30, 2022 and 8,250 cash-settled stock appreciation rights will vest on November 30, 2023. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Riordan Michael Anthony 125 SOUTH WACKER DRIVE SUITE 1500 CHICAGO, IL 60606 |
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| VP Finance, CFO and Treasurer |
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Signatures
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/s/ Emily Varges, as attorney in fact | | 3/23/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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