SEC Form 4 · accession 0001227654-17-000041
COMPASS MINERALS INTERNATIONAL INC · CMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francis Joseph Malecha
Officer — President and CEO · Director
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 5:46 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 | Mar 10, 2017 | M | 4,366 | $0.00 | A | 23,174 | D | |
| Common Stock | Mar 10, 2017 | M | 4,693 | $0.00 | A | 27,867 | D | |
| Common StockF1,F2 | Mar 14, 2017 | F | 4,011 | $68.59 | D | 23,856 | D | |
| Common StockF3 | holding | — | — | — | 588 | 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 UnitF4 | — | Mar 10, 2017 | M | 4,366 | D | Mar 10, 2017 | Mar 10, 2017 | Common Stock | 4,366 | 0 | D |
| Performance Stock UnitF6,F5 | — | Mar 10, 2017 | M | 4,693 | D | Mar 10, 2017 | Mar 10, 2017 | Common Stock | 4,693 | 0 | D |
Explanation of responses
- F1Represents the number of shares sold to satisfy tax withholding obligations on the vesting and release of the restricted stock units and performance stock units.
- F2The 4,011 shares were traded in blocks at prices ranging from $68.10 to $70.00 per share. $68.59 is the weighted average sale price per share. Information regarding the number of shares sold at each separate price is available upon request by the SEC staff or any security holder of the Issuer.
- F3The reported number is based on a 401(k) plan statement dated as of March 8, 2017.
- F4Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F5Each performance stock unit represents a contingent right to receive between 0% and 150% of one share of Issuer common stock. The actual number of shares that was earned was calculated by comparing the Issuer's relative total shareholder return to the total shareholder return for each company comprising the Russell 3000 Index over a three-year performance period.
- F6The reported number of securities represents 65.21% of the initial target number of shares subject to the performance stock unit award granted on March 10, 2014, which were earned based the Issuer's performance over the three-year performance period.