Home > Insider Trading > Filing (0001209191-14-013151)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1424847	Lorillard Inc.	LO	Cigarettes (2111)	131911176

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1425661	H. David Taylor	714 Green Valley Road Greensboro NC 27408	Executive Vp And Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-02-19	26,352	$0.00	57,292	No	4	A	Direct
Common Stock	Acquisiton	2014-02-19	10,138	$0.00	67,430	No	4	A	Direct
Common Stock	Disposition	2014-02-20	16,805	$47.26	49,551	No	4	S	Indirect	By trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	A	Direct
No	4	S	Indirect	By trust

Footnotes

The shares reflect the portion of the 2013 Performance Restricted Stock Units ("RSUs") granted on February 13, 2013 that were earned based on the Company's achievement of target adjusted earnings per share for 2013 and converted to 26,352 shares of restricted stock, which vest on the third anniversary of the 2013 grant date, subject to continued employment.
The restricted stock vests on the third anniversary of the grant date, subject to continued employment.
The shares were sold to fund withholding taxes in connection with the February 17, 2014 vesting of restricted stock granted on February 16, 2011. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 18, 2011.
Represents the weighted average sale price. The shares were sold at prices ranging from $47.11 to $47.60. The reporting person undertakes to provide upon request to the SEC staff, the issuer or security holders of the issuer information regarding the number of shares and prices at which the transaction was effected.
Shares held in the David Howell Taylor 2011 Revocable Trust, of which the reporting person is the sole trustee and the primary beneficiary.