SEC Form 4 · accession 0001227654-17-000096
COMPASS MINERALS INTERNATIONAL INC · CMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Douglas Linehan
Officer — Chief Financial Officer
Period of report
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 8:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001227654
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock Unit(ROIC)F1 | — | Apr 3, 2017 | A | 2,441 | A | Apr 3, 2020 | Apr 3, 2020 | Common Stock | 2,441 | 2,441 | D |
| Performance Stock Unit(rTSR)F2 | — | Apr 3, 2017 | A | 2,140 | A | Apr 3, 2020 | Apr 3, 2020 | Common Stock | 2,140 | 2,140 | D |
| Restricted Stock UnitF3 | — | Apr 3, 2017 | A | 5,696 | A | Apr 3, 2020 | Apr 3, 2020 | Common Stock | 5,696 | 5,696 | D |
| Stock Option (Right to Buy)F4 | $68.00 | Apr 3, 2017 | A | 17,689 | A | — | Apr 3, 2024 | Common Stock | 17,689 | 17,689 | D |
Explanation of responses
- F1Each performance stock unit represents a contingent right to receive between 0% and 200% of one share of Issuer common stock. The reported number of securities represents the target number of shares that may be earned. The actual number of shares that may be earned will be calculated based on the Issuer's return on invested capital over a three-year performance period.
- F2Each performance stock unit represents a contingent right to receive between 0% and 150% of one share of Issuer common stock. The reported number of securities represents the target number of shares that may be earned. The actual number of shares that may be earned will be 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.
- F3Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. Vesting of the restricted stock units is contingent on satisfaction of a performance hurdle tied to the Issuer's 2017 financial performance.
- F4This stock option award vests in four equal annual installments of 25% each, beginning on the first anniversary of the grant date.