SEC Form 4 · accession 0001080730-17-000001
MERCER INTERNATIONAL INC. · MERC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jimmy S H Lee
Officer — Executive Chairman · Director
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 4:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001333274
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2017 | M | 60,807 | $0.00 | A | 2,215,551 | 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 UnitsF2 | $0.00 | Feb 23, 2017 | A | 60,807 | A | — | — | Common Stock | 60,807 | 60,807 | D |
| Performance Share UnitsF1 | $0.00 | Feb 23, 2017 | M | 60,807 | D | — | — | Common Stock | 60,807 | 0 | D |
Explanation of responses
- F1Represents the conversion of performance share units ("PSUs").
- F2Represents the vesting on February 23, 2017 of PSUs awarded to the reporting person based on the achievement of certain specified performance criteria, including company performance, share price performance and individual performance during the 2014 to 2016 performance period.