0001206264-20-000011.txt : 20200106
0001206264-20-000011.hdr.sgml : 20200106
20200106181439
ACCESSION NUMBER: 0001206264-20-000011
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200101
FILED AS OF DATE: 20200106
DATE AS OF CHANGE: 20200106
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rusing Steven H
CENTRAL INDEX KEY: 0001428563
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31922
FILM NUMBER: 20511452
MAIL ADDRESS:
STREET 1: C/O SEALY CORPORATION
STREET 2: ONE OFFICE PARKWAY
CITY: TRINITY
STATE: NC
ZIP: 27370
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TEMPUR SEALY INTERNATIONAL, INC.
CENTRAL INDEX KEY: 0001206264
STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510]
IRS NUMBER: 331022198
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1000 TEMPUR WAY
CITY: LEXINGTON
STATE: KY
ZIP: 40511
BUSINESS PHONE: 800-878-8889
MAIL ADDRESS:
STREET 1: 1000 TEMPUR WAY
CITY: LEXINGTON
STATE: KY
ZIP: 40511
FORMER COMPANY:
FORMER CONFORMED NAME: TEMPUR PEDIC INTERNATIONAL INC
DATE OF NAME CHANGE: 20031202
FORMER COMPANY:
FORMER CONFORMED NAME: TWI HOLDINGS INC
DATE OF NAME CHANGE: 20021119
3
1
wf-form3_157835246279677.xml
FORM 3
X0206
3
2020-01-01
0
0001206264
TEMPUR SEALY INTERNATIONAL, INC.
TPX
0001428563
Rusing Steven H
C/O TEMPUR SEALY INTERNATIONAL, INC.
1000 TEMPUR WAY
LEXINGTON
KY
40511
0
1
0
0
President, U.S. Sales
Common Stock
5600
D
Stock Options (right to buy)
69.5
2027-01-04
Common Stock
12124.0
D
Performance Restricted Stock Units
0.0
Common Stock
2240.0
D
Restricted Stock Units
0.0
Common Stock
3596.0
D
Stock Options (right to buy)
62.45
2028-01-04
Common Stock
7838.0
D
Restricted Stock Units
0.0
Common Stock
6004.0
D
Restricted Stock Units
0.0
Common Stock
17768.0
D
Two installments of these options became exercisable in annual installments on January 5, 2018 and January 5, 2019, and the Reporting Person exercised the two installments. The remaining third and fourth annual installments of 6,062 options each will become exercisable on January 5, 2020 and January 5, 2021, respectively.
Matching Performance Restricted Stock Units ("MPRSUs") were granted to the Reporting Person on June 10, 2016 (the "Grant Date"). Each MPRSU represents a contingent right to receive one share of Issuer Common Stock for each share purchased by the Reporting Person on or about the Grant Date. On February 24, 2017, the Compensation Committee of the TPX Board of Directors determined that the performance threshold had been satisfied, and the awards became subject only to time vesting restrictions. Pursuant to the award agreement, the MPRSUs vest in five annual installments, with 1,120 units vesting on each of the five anniversaries of the Grant Date. Following achievement of the performance threshold, on each of the first, second and third vesting date the first, second and third tranche of MPRSUs vested and were distributed to the Reporting Person.
On January 5, 2017, the Reporting Person was granted 7,194 restricted stock units ("RSUs"), subject to a performance metric. On March 5, 2018, the Compensation Committee determined that the performance metric had been satisfied, and the awards became subject only to time vesting restrictions. Pursuant to the award agreement, two installments of 1,799 RSUs each vested and were distributed to the Reporting Person on March 5, 2018 and January 5, 2019, respectively. The remaining third and fourth installments of 1,798 RSUs each will vest on January 5, 2020 and January 5, 2021, respectively.
One installment of these options became exercisable in an annual installment on January 4, 2019, and the Reporting Person exercised the installment. The second and third annual installments of 2,613 options each will vest and become exercisable on January 4, 2020 and January 4, 2021, respectively. The fourth annual installment of 2,612 options will vest and become exercisable on January 4, 2022.
On January 5, 2018, the Reporting Person was granted 8,006 RSUs. Pursuant to the award agreement, one installment of 2,002 RSUs vested and was distributed to the Reporting Person on January 5, 2019. The remaining second installment of 2,002 RSUs, and the remaining third and fourth installments of 2,001 RSUs each, will vest on January 5, 2020, January 5, 2021 and January 5, 2022, respectively.
On January 4, 2019, 17,768 RSUs were granted to the Reporting Person. Pursuant to the award agreement, the RSUs will vest in four annual installments beginning on January 5, 2020.
/s/ Bhaskar Rao, Attorney in Fact
2020-01-06