SEC Form 4 · accession 0001230245-15-000122
PIPER SANDLER COMPANIES · PIPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chad R Abraham
Officer — Co-Head Global IB and Cap Mkts
Period of report
Jun 1, 2015
Accepted (ET)
Jun 3, 2015 · 2:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001230245
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 1, 2015 | M | 15,562 | — | A | 70,043 | D | |
| Common Stock | Jun 1, 2015 | F | 7,501 | $0.00 | D | 62,542 | D | |
| Common StockF2 | holding | — | — | — | 3,366 | I | By PJC Retirement Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitF1 | — | Jun 1, 2015 | M | 16,502 | D | — | May 15, 2015 | Common Stock | 16,502 | 0 | D |
Explanation of responses
- F1Each performance share unit represented a contingent right to receive one share of PJC common stock. The performance share units vested based on attaining certain levels of shareholder return, with 50% based on relative total shareholder return within a group of peer companies and 50% based on absolute total shareholder return, both as measured three years from the date of grant.
- F2Based on a plan report dated June 1, 2015.