SEC Form 4 · accession 0001227654-18-000078
COMPASS MINERALS INTERNATIONAL INC · CMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven N. Berger
Officer — SVP, Corporate Services
Period of report
Apr 2, 2018
Accepted (ET)
Apr 4, 2018 · 6:32 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 StockF1 | holding | — | — | — | 5,394 | D | ||
| Common StockF2 | holding | — | — | — | 204 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock Unit(ROIC)F3 | — | Apr 2, 2018 | A | 1,983 | A | Apr 2, 2021 | Apr 2, 2021 | Common Stock | 1,983 | 1,983 | D |
| Performance Stock Unit(rTSR)F4 | — | Apr 2, 2018 | A | 1,754 | A | Apr 2, 2021 | Apr 2, 2021 | Common Stock | 1,754 | 1,754 | D |
| Restricted Stock UnitF5 | — | Apr 2, 2018 | A | 1,983 | A | Apr 2, 2021 | Apr 2, 2021 | Common Stock | 1,983 | 1,983 | D |
| Stock Option (Right to Buy)F6 | $59.50 | Apr 2, 2018 | A | 13,933 | A | — | Apr 2, 2025 | Common Stock | 13,933 | 13,933 | D |
Explanation of responses
- F1Of the reported shares, 15 shares are held jointly with the Reporting Person's spouse.
- F2The reported number is based on a 401(k) plan statement dated as of April 2, 2018.
- F3Each 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.
- F4Each 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 Issuer's peer group over a three-year performance period.
- F5Each 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 2018 financial performance.
- F6This stock option award vests in four equal annual installments of 25% each, beginning on the first anniversary of the grant date.