SEC Form 4 · accession 0001230245-16-000326
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
Nov 14, 2016
Accepted (ET)
Nov 15, 2016 · 7:33 pm EST
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 Stock | Nov 14, 2016 | M | 32,149 | $41.09 | A | 276,386 | D | |
| Common StockF1 | Nov 14, 2016 | S | 17,749 | $65.042 | D | 258,637 | D | |
| Common StockF2 | Nov 14, 2016 | S | 13,680 | $65.8954 | D | 244,957 | D | |
| Common StockF3 | Nov 14, 2016 | S | 720 | $66.7056 | D | 244,237 | D | |
| Common Stock | holding | — | — | — | 10 | I | By minor children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $41.09 | Nov 14, 2016 | M | 32,149 | D | Feb 15, 2011 | Feb 15, 2018 | Common Stock | 32,149 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.5500 to $65.5500 inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote upon request by the SEC staff, the issuer or any shareholder of the issuer.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.6000 to $66.6000 inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote upon request by the SEC staff, the issuer or any shareholder of the issuer.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.6500 to $66.8500 inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote upon request by the SEC staff, the issuer or any shareholder of the issuer.