Initial Statement of Beneficial Ownership (3)
December 07 2020 - 5:13PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
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3235-0104
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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
*
Garner Brian |
2. Date of Event Requiring Statement (MM/DD/YYYY)
11/30/2020
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3. Issuer Name and Ticker or Trading Symbol
PROG Holdings, Inc. [PRG]
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(Last)
(First)
(Middle)
256 WEST DATA DR |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
Chief Financial Officer / |
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(Street)
DRAPER, UT 84020
(City)
(State)
(Zip)
| 5. 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
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4) | 2. Amount of Securities Beneficially Owned
(Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) | 4. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Common Stock | 6794 | 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. 4) | 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) | 6. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Stock Options (Right to Buy) | (1) | 2/24/2027 | Stock Options (Right to Buy) | 1630.0 | $27.18 | D | |
| Stock Options (Right to Buy) | (2) | 3/2/2028 | Stock Options (Right to Buy) | 2800.0 | $47.26 | D | |
| Stock Options (Right to Buy) | (3) | 2/21/2029 | Stock Options (Right to Buy) | 3870.0 | $54.18 | D | |
| Stock Options (Right to Buy) | (4) | 2/25/2030 | Stock Options (Right to Buy) | 5280.0 | $42.7 | D | |
| Explanation of Responses: |
| (1) | These options vested on March 15, 2020. |
| (2) | One half of these options vested on March 7, 2020, with the other one half expected to vest on March 7, 2021, subject to the grant agreement between the Issuer and the Reporting Person. |
| (3) | One third of these options vested on March 7, 2020. The remaining two thirds of these options are expected to vest in two equal increments on each of March 7, 2021 and 2022, subject to the grant agreement between the Issuer and the Reporting Person. |
| (4) | These options are expected to vest in three equal increments on each of March 7, 2021, 2022 and 2023, subject to the grant agreement between the Issuer and the Reporting Person. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Garner Brian
256 WEST DATA DR
DRAPER, UT 84020 |
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| Chief Financial Officer |
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Signatures
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| /s/ Matt Sewell, by Power of Attorney for Brian Garner | | 12/7/2020 |
| **Signature of Reporting Person | Date |
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