Sec Form 4 Filing - JESSELSON MICHAEL G @ XPO Logistics, Inc. - 2020-12-31

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
JESSELSON MICHAEL G
2. Issuer Name and Ticker or Trading Symbol
XPO Logistics, Inc. [ XPO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O XPO LOGISTICS, INC., FIVE AMERICAN LANE
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2020
(Street)
GREENWICH, CT06831
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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, par value $0.001 per share 12/31/2020 G( 1 ) V 18,258 D ( 1 ) $ 0 38,889 D ( 2 )
Common Stock, par value $0.001 per share 01/04/2021 M 2,392 A $ 0 41,281 D ( 2 )
Common Stock, par value $0.001 per share 201,001 I See footnote ( 3 )
Common Stock, par value $0.001 per share 10,000 I See footnote ( 4 )
Common Stock, par value $0.001 per share 12,000 I See footnote ( 5 )
Common Stock, par value $0.001 per share 12,000 I See footnote ( 6 )
Common Stock, par value $0.001 per share 12,000 I See footnote ( 7 )
Common Stock, par value $0.001 per share 30,057 I See footnote ( 8 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Restricted Stock Unit ( 9 ) 01/04/2021 A 1,604 ( 10 ) ( 10 ) Common Stock, par value $0.001 per share 1,604 $ 0 1,604 D
Restricted Stock Unit ( 9 ) 01/04/2021 M 2,392 ( 11 ) ( 11 ) Common Stock, par value $0.001 per share 2,392 $ 0 0 D
Restricted Stock Unit ( 9 ) ( 12 ) ( 12 ) Common Stock, par value $0.001 per share 2,071 2,071 D
Restricted Stock Unit ( 9 ) ( 13 ) ( 13 ) Common Stock, par value $0.001 per share 3,970 3,970 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JESSELSON MICHAEL G
C/O XPO LOGISTICS, INC.
FIVE AMERICAN LANE
GREENWICH, CT06831
X
Signatures
/s/ Karlis P. Kirsis, Attorney-in-Fact 01/05/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On December 31, 2020, Michael Jesselson transferred 18,258 shares of Common Stock directly held by him to a limited liability company owned entirely by four trusts of which his four children are the beneficiaries. Mr. Jesselson does not manage the limited liability company and does not serve as the trustee of any of the trusts, and he disclaims beneficial ownership of these shares.
( 2 )15,000 of these securities are held in an individual retirement account of Michael G. Jesselson.
( 3 )The Michael G. Jesselson 12/18/80 Trust and the Michael G. Jesselson 4/8/71 Trust are the direct beneficial owners of these securities. Michael G. Jesselson is the beneficiary of each of these trusts.
( 4 )Michael G. Jesselson's spouse is the direct beneficial owner of these securities.
( 5 )These securities are held by the JJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
( 6 )These securities are held by the RAJ Irrevocable Trust, of which Michael G. Jesselson is a trustee
( 7 )These securities are held by the SJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
( 8 )The Michael G. Jesselson and Linda Jesselson, Trustees UID 6/30/93 FBO Maya Ariel Ruth Jesselson is the direct beneficial owner of these securities. Michael G. Jesselson is a trustee of the trust.
( 9 )Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
( 10 )The RSUs shall vest in full on January 3, 2022, subject to the Reporting Person's continued service as a director of the Issuer.
( 11 )The RSUs vested in full on January 4, 2021.
( 12 )The RSUs vested in full on January 2, 2019 and are subject to a deferral election. Shares of Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
( 13 )The RSUs vested in full on January 3, 2018 and are subject to a deferral election. Shares of Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.

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