SEC Form 4 · accession 0001209191-18-055588
Altra Industrial Motion Corp. · AIMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl R Christenson
Officer — Chairman and CEO · Director
Period of report
Oct 8, 2018
Accepted (ET)
Oct 18, 2018 · 5:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001374535
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value, $0.001F2 | Oct 8, 2018 | J | 5,000 | $0.00 | D | 163,549 | I | By Trust |
| Common Stock, par value, $0.001F3 | Oct 16, 2018 | A | 11,336 | $39.40 | A | 81,585 | D | |
| Common Stock, par value, $0.001F4 | Oct 16, 2018 | A | 4,629 | $39.40 | A | 86,214 | D | |
| Common Stock, par value, $0.001F5 | Oct 16, 2018 | A | 10,483 | $39.40 | A | 96,697 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares transferred by Reporting Person to former spouse pursuant to a divorce settlement.
- F2The shares are held in a trust for which Mr. Christenson serves as trustee.
- F3Represents performance shares (and related accrued dividend equivalents) that were converted on October 16, 2018 into restricted common stock, par value $0.001 ("Restricted Common Stock"), upon the Compensation Committee's determination that certain performance goals had been met. The recent transaction between the Company and Fortive Corporation, which closed on October 1, 2018, constituted a "change in control" with respect to the performance shares resulting in the conversion of such performance shares into Restricted Common Stock based on the level of achievement of performance goals that measured the Company's total shareholder return ("TSR") against the TSR of a peer group of companies over the period from January 1, 2016 to September 30, 2018. The Restricted Common Stock is subject to forfeiture until February 15, 2019.
- F4Represents performance shares (and related accrued dividend equivalents) that were converted on October 16, 2018 into restricted common stock, par value $0.001 ("Restricted Common Stock"), upon the Compensation Committee's determination that certain performance goals had been met. The recent transaction between the Company and Fortive Corporation, which closed on October 1, 2018, constituted a "change in control" with respect to the performance shares resulting in the conversion of such performance shares into Restricted Common Stock based on the level of achievement of performance goals that measured the Company's total shareholder return ("TSR") against the TSR of a peer group of companies over the period from January 1, 2017 to September 30, 2018. The Restricted Common Stock is subject to forfeiture until February 23, 2020.
- F5Represents performance shares (and related accrued dividend equivalents) that were converted on October 16, 2018 into restricted common stock, par value $0.001 ("Restricted Common Stock"), upon the Compensation Committee's determination that certain performance goals had been met. The recent transaction between the Company and Fortive Corporation, which closed on October 1, 2018, constituted a "change in control" with respect to the performance shares resulting in the conversion of such performance shares into Restricted Common Stock based on the level of achievement of performance goals that measured the Company's return on invested capital over the period from January 1, 2018 to September 30, 2018. The Restricted Common Stock is subject to forfeiture until February 15, 2021.