SEC Form 4 · accession 0001227654-16-000135
COMPASS MINERALS INTERNATIONAL INC · CMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven N. Berger
Officer — Senior Vice President
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 8:04 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 | — | — | — | 2,831 | D | ||
| Common StockF1 | holding | — | — | — | 129 | 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 | Apr 1, 2016 | A | 1,378 | A | Apr 1, 2019 | Apr 1, 2019 | Common Stcok | 1,378 | 1,378 | D |
| Stock Option (Right to Buy) | $70.48 | Apr 1, 2016 | A | 9,833 | A | Apr 1, 2017 | Apr 1, 2023 | Common Stcok | 9,833 | 9,833 | D |
| Performance Stock Unit(rTSR) | $0.00 | Apr 1, 2016 | A | 1,294 | A | Apr 1, 2019 | Apr 1, 2019 | Common Stcok | 1,294 | 1,294 | D |
| Performance Stock Unit(ROIC) | $0.00 | Apr 1, 2016 | A | 1,378 | A | Apr 1, 2019 | Apr 1, 2019 | Common Stcok | 1,378 | 1,378 | D |
| Restricted Stock Unit | $0.00 | holding | — | — | — | Mar 10, 2017 | Mar 10, 2017 | Common Stock | 826 | 826 | D |
| Restricted Stock Unit | $0.00 | holding | — | — | — | Mar 10, 2018 | Mar 10, 2018 | Common Stock | 1,009 | 1,009 | D |
| Stock Option (Right to Buy) | $76.99 | holding | — | — | — | Mar 11, 2014 | Mar 11, 2020 | Common Stock | 4,164 | 4,164 | D |
| Stock Option (Right to Buy) | $87.18 | holding | — | — | — | Mar 10, 2015 | Mar 10, 2021 | Common Stock | 4,436 | 4,436 | D |
| Stock Option (Right to Buy) | $91.75 | holding | — | — | — | Mar 10, 2016 | Mar 10, 2022 | Common Stock | 6,130 | 6,130 | D |
| Performance Stock Unit | $0.00 | holding | — | — | — | Mar 10, 2017 | Mar 10, 2017 | Common Stock | 1,361 | 1,361 | D |
| Performance Stock Unit(rTSR) | $0.00 | holding | — | — | — | Mar 10, 2018 | Mar 10, 2018 | Common Stock | 833 | 833 | D |
| Performance Stock Unit(ROIC) | $0.00 | holding | — | — | — | Mar 10, 2018 | Mar 10, 2018 | Common Stock | 1,009 | 1,009 | D |
Explanation of responses
- F1The information on this report is based on 401(k) plan statement dated 04/04/2016.
- F2Restricted Stock Units granted: 3 year cliff vest on 04/01/2019, 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 athree-year period beginning on April 1, 2016, and ending on March 31, 2019. 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 marketindex. 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 2016 and ending in 2018. Payout for vested PSUs range from 0% to 200% based on the Company's ROIC performance. The number of shares inthis grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.