SEC Form 4 · accession 0001140361-16-066701
Orion Group Holdings Inc · ORN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark R. Stauffer
Officer — President & Chief Exec Officer
Period of report
May 19, 2016
Accepted (ET)
May 23, 2016 · 5:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001402829
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | May 19, 2016 | A | 60,729 | — | A | 248,389 | D | |
| Common StockF3 | May 19, 2016 | A | 30,364 | — | A | 278,753 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionsF2 | $4.94 | May 19, 2016 | A | 89,820 | A | — | May 19, 2026 | Common Stock | 89,820 | 404,942 | D |
Explanation of responses
- F1This grant of restricted stock vests cumulatively at a rate of 1/3 upon the first anniversary of the stock grant (May 19, 2017) and 1/36 per month thereafter such that all shares are vested on the third anniversary of the stock grant.
- F2The stock option grant is exercisable cumulatively at a rate of 1/3 upon the first anniversary of the stock option grant (May 19, 2017) and 1/36 per month thereafter such that all option shares are exercisable on the third anniversary of the stock option grant.
- F3This grant of restricted stock vests entirely on third anniversary (May 19, 2019) if performance metrics are met.