SEC Form 4 · accession 0001230245-16-000274
PIPER SANDLER COMPANIES · PIPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Gregory Smith
Officer — Chief Strategy Officer
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 4:35 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 | May 31, 2016 | M | 4,691 | — | A | 17,828 | D | |
| Common Stock | May 31, 2016 | F | 1,577 | $0.00 | D | 16,251 | D |
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 31, 2016 | M | 4,691 | D | — | May 15, 2016 | Common Stock | 4,961 | 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 from the date of grant.