SEC Form 4 · accession 0001355892-19-000001
HELIOS TECHNOLOGIES, INC. · HLIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tricia L Fulton
Officer — Chief Financial Officer
Period of report
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 1:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001024795
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 62,258 | D | ||
| Common StockF2 | holding | — | — | — | 5,426 | I | BY ESOP TRUST |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock UnitsF3,F4 | $0.00 | Feb 22, 2019 | A | 5,163 | A | — | — | Common Stock | 5,163 | 5,163 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Feb 22, 2019 | A | 5,163 | A | — | — | Common Stock | 5,163 | 5,163 | D |
Explanation of responses
- F1Includes shares purchased through the Sun Hydraulics Corporation Employee Stock Purchase Plan (140.0625 during the quarter ended September 29, 2018, and 26.944 during the quarter ended December 29, 2018).
- F2Reflects allocations of shares under the Sun Hydraulics Corporation Employee Stock Ownership Plan.
- F3Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 150% of one share of Sun Hydraulics common stock (Common Stock). The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the first day of the Company's fiscal year ending December 28, 2019 and ending on the last day of the Company's fiscal year ending January 1, 2022.
- F4Unless earlier forfeited under the terms of the performance-based RSU, each performance-based RSU vests and converts into no more than 150% of one share of Common Stock after the determination of the achievement of the performance goals during the three-year performance period ending on the last day of the Company's fiscal year ending January 1, 2022.
- F5Each RSU represents the right to receive, following vesting, one share of Common Stock.
- F6Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each anniversary of the grant date.