SEC Form 4 · accession 0001140361-15-011618
COMPASS MINERALS INTERNATIONAL INC · CMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack C. Leunig
Officer — Senior Vice President
Period of report
Mar 10, 2015
Accepted (ET)
Mar 12, 2015 · 8:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001227654
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 2,942 | D | ||
| Common StockF1 | holding | — | — | — | 756 | I | Company 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit | $0.00 | Mar 10, 2015 | A | 1,090 | A | Mar 10, 2018 | Mar 10, 2018 | Common Stock | 1,090 | 1,090 | D |
| Stock Option (Right to Buy) | $91.75 | Mar 10, 2015 | A | 6,627 | A | Mar 10, 2016 | Mar 10, 2022 | Common Stock | 6,627 | 6,627 | D |
| Performance Stock Unit(rTSR) | $0.00 | Mar 10, 2015 | A | 900 | A | Mar 10, 2018 | Mar 10, 2018 | Common Stock | 900 | 900 | D |
| Performance Stock Unit(ROIC) | $0.00 | Mar 10, 2015 | A | 1,090 | A | Mar 10, 2018 | Mar 10, 2018 | Common Stock | 1,090 | 1,090 | D |
| Restricted Stock Unit | $0.00 | holding | — | — | — | Mar 12, 2015 | Mar 12, 2015 | Common Stock | 1,395 | 1,395 | D |
| Restricted Stock Unit | $0.00 | holding | — | — | — | Mar 11, 2016 | Mar 11, 2016 | Common Stock | 1,299 | 1,299 | D |
| Restricted Stock Unit | $0.00 | holding | — | — | — | Mar 10, 2017 | Mar 10, 2017 | Common Stock | 860 | 860 | D |
| Stock Option (Right to Buy) | $52.84 | holding | — | — | — | Oct 13, 2009 | Oct 13, 2015 | Common Stock | 1,850 | 1,850 | D |
| Stock Option (Right to Buy) | $58.99 | holding | — | — | — | Mar 10, 2010 | Mar 10, 2016 | Common Stock | 2,910 | 2,910 | D |
| Stock Option (Right to Buy) | $78.51 | holding | — | — | — | Mar 10, 2011 | Mar 10, 2017 | Common Stock | 3,145 | 3,145 | D |
| Stock Option (Right to Buy) | $86.47 | holding | — | — | — | Mar 10, 2012 | Mar 10, 2018 | Common Stock | 2,410 | 2,410 | D |
| Stock Option (Right to Buy) | $71.69 | holding | — | — | — | Mar 12, 2013 | Mar 12, 2019 | Common Stock | 3,244 | 3,244 | D |
| Stock Option (Right to Buy) | $76.99 | holding | — | — | — | Mar 11, 2014 | Mar 11, 2020 | Common Stock | 3,614 | 3,614 | D |
| Stock Option (Right to Buy) | $87.18 | holding | — | — | — | Mar 10, 2015 | Mar 10, 2021 | Common Stock | 4,621 | 4,621 | D |
| Performance Stock Unit | $0.00 | holding | — | — | — | Mar 12, 2015 | Mar 12, 2015 | Common Stock | 1,007 | 1,007 | D |
| Performance Stock Unit | $0.00 | holding | — | — | — | Mar 11, 2016 | Mar 11, 2016 | Common Stock | 965 | 965 | D |
| Performance Stock Unit | $0.00 | holding | — | — | — | Mar 10, 2017 | Mar 10, 2017 | Common Stock | 1,418 | 1,418 | D |
Explanation of responses
- F1The information in this report is based on a 401(k) plan statement dated as of 03-09-15.
- F2Restricted Stock Units granted: 3 year cliff vest on 3-10-2018, provided performance threshold satisfied.
- F3Stock options granted: vesting 25% after year one and then 25% per year thereafter.
- F4On the third anniversary of the grant date, these PSUs cliff vest and shares of Company common stock are granted based on achievement of relative total shareholder return ("rTSR") performance goals over a three-year period beginning in 2015 and ending in 2017. Payout for vested PSUs range from 0% to 150% based on the Company's rTSR percentile compared to the rTSR of the companies comprising a market index. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.
- F5On the third anniversary of the grant date, these PSUs cliff vest and shares of Company common stock are granted based on an average of three annual calculations of achievement of return on invested capital ("ROIC") performance goals over a three-year period beginning in 2015 and ending in 2017. Payout for vested PSUs range from 0% to 200% based on the Company's ROIC performance. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.