SEC Form 4 · accession 0001140361-18-026067
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 24, 2018
Accepted (ET)
May 29, 2018 · 5:32 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 24, 2018 | A | 73,727 | — | A | 436,358 | D | |
| Common StockF3 | May 24, 2018 | A | 36,863 | — | A | 473,221 | 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 | $7.46 | May 24, 2018 | A | 98,921 | A | — | May 24, 2028 | Common Stock | 98,921 | 497,318 | 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 24, 2019) 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 24, 2019) 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 24, 2021) if performance metrics are met.