SEC Form 4 · accession 0001230245-16-000253
PIPER SANDLER COMPANIES · PIPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew S Duff
Officer — Chairman and CEO · Director
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001230245
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 Share UnitF1 | — | May 16, 2016 | A | 30,106 | A | — | May 14, 2019 | Common Stock | 30,106 | 30,106 | D |
Explanation of responses
- F1Each performance share unit represents a contingent right to receive one share of PJC common stock. The performance share units will vest 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 shareholder return, both as measured three years from the grant date.