SEC Form 4 · accession 0001628280-17-005562
Renewable Energy Group, Inc. · REGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Haer
Officer — VP, Sales and Marketing
Period of report
May 11, 2017
Accepted (ET)
May 15, 2017 · 3:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001463258
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 11, 2017 | A | 6,794 | $0.00 | A | 57,001 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF2 | — | May 11, 2017 | A | 10,214 | A | — | May 11, 2022 | Common Stock | 10,214 | 10,214 | D |
Explanation of responses
- F1Represents award of restricted stock units ("RSUs") that will vest in full on 5/11/2020, subject to continued service as an employee of Renewable Energy Group, Inc. (the "Company"). RSUs may be settled only for shares of REGI common stock on an one-for-one basis.
- F2Each performance right represents a contingent right to receive one share of REGI common stock, subject to continued employment and other conditions. Half of the Performance Based RSUs will vest upon REGI's common stock price equal to or exceeding a market price of $15.00 per share during the applicable performance period, based on the volume-weighted average stock price during any 20 consecutive trading days. The other 50% of the Performance Based RSUs will vest upon REGI achieving a 10% return on invested capital during the applicable performance period, as measured on a simple average basis.