SEC Form 4 · accession 0001209191-17-019535
DELTIC TIMBER CORP · DEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Mark Leland
Officer — Interim President & CEO · Director
Period of report
Mar 8, 2017
Accepted (ET)
Mar 9, 2017 · 2:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022469
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 8, 2017 | D | 4,449 | $0.00 | D | 5,338 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Upon being named Interim CEO on 10/10/2016, Mr. Leland was awarded 7,540 shares of restricted stock which would vest over one year and would accelerate on a prorated basis in the event that during the one year period the Company found a permanent President & CEO. On 3/8/2017, Deltic appointed a new President & CEO. Due to the appointment, Mr. Leland's restricted stock vested on an accelerated prorated basis with 3,091 shares awarded and 4,449 shares forfeited. Said restricted stock was awarded under 2002 SIP.