SEC Form 4 · accession 0001140361-17-022547
Orion Group Holdings Inc · ORN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher James DeAlmeida
Officer — EVP & Chief Financial Officer
Period of report
May 25, 2017
Accepted (ET)
May 26, 2017 · 4:21 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 25, 2017 | A | 18,006 | — | A | 45,042 | D | |
| Common StockF3 | May 25, 2017 | A | 9,003 | — | A | 54,045 | 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 | $7.22 | May 25, 2017 | A | 26,639 | A | — | May 25, 2027 | Common Stock | 26,639 | 81,315 | 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 25, 2018) 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 25, 2018) 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 25, 2020) if performance metrics are met.