SEC Form 4 · accession 0001179110-16-020418
DATALINK CORP · DTLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denise Westenfield
Officer — VP, Controller, Chief Acct Off
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 2:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001056923
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 25, 2016 | F | 519 | $6.50 | D | 38,379 | D | |
| Common StockF1 | Feb 26, 2016 | A | 7,720 | $0.00 | A | 46,099 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $6.83 | Feb 26, 2016 | A | 38,230 | A | — | Feb 26, 2026 | Common Stock | 38,230 | 38,230 | D |
| Performance Stock Unit (PSU)F3,F4 | — | Feb 26, 2016 | A | 11,430 | A | — | Feb 26, 2021 | Common Stock | 11,430 | 11,430 | D |
Explanation of responses
- F1Restricted stock grant award vesting 50% on second anniversary, 25% on third anniversary and 25% on fourth anniversary of the grant date.
- F2Stock option grant award vesting 50% on second anniversary, 25% on third anniversary and 25% on fourth anniversary of the grant date.
- F3Each PSU represents a contingent right to receive one share of common stock.
- F4The PSU grant vesting schedule: 1/3 of PSU grant vests 2/26/2019 if the company's stock achieves a market price of $9.00/share; another 1/3 of PSU grant vests 2/26/2020 if the company's stock achieves a market price of $11.00/share; the final 1/3 of PSU grant vests 2/26/2021 if the company's stock achieves a market price of $13.00/share.