SEC Form 4 · accession 0001489096-16-000134
Thermon Group Holdings, Inc. · THR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney L Bingham
Officer — President & CEO · Director
Period of report
Mar 31, 2016
Accepted (ET)
Apr 26, 2016 · 9:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001489096
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 31, 2016 | M | 2,507 | $0.00 | A | 35,092 | D | |
| Common StockF2 | Mar 31, 2016 | F | 663 | $0.00 | D | 34,429 | D | |
| Common Stock | holding | — | — | — | 91,917 | I | by R/S Bingham Family Limited Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | Mar 31, 2016 | M | 2,507 | D | Mar 31, 2015 | Mar 31, 2016 | Common Stock | 2,507 | 0 | D |
| Performance UnitsF4 | $0.00 | holding | — | — | — | Mar 31, 2014 | Mar 31, 2016 | Common Stock | 4,563 | 4,563 | D |
| Restricted Stock UnitsF5 | $0.00 | holding | — | — | — | Aug 1, 2014 | Aug 1, 2016 | Common Stock | 4,563 | 4,563 | D |
| Performance UnitsF6 | $0.00 | holding | — | — | — | Mar 31, 2017 | Mar 31, 2017 | Common Stock | 9,567 | 9,567 | D |
| Stock Option (Right to Buy)F7 | $12.00 | holding | — | — | — | May 4, 2012 | May 4, 2021 | Common Stock | 6,000 | 6,000 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock.
- F2Shares withheld by Issuer to satisfy applicable withholding tax upon vesting of restricted stock units.
- F3On July 31, 2014, the reporting person was granted a restricted stock unit award vesting in equal annual installments on March 31, 2015 and 2016.
- F4On August 1, 2013, the reporting person was granted a performance unit award vesting in equal annual installments on March 31, 2014, 2015 and 2016. The actual number of shares earned in settlement of the award depends on the achievement of certain predetermined performance goals and ranges from 0% below target to 200% at maximum. The number of shares reflected on this filing represents the remaining unvested performance units at the target performance level.
- F5On August 1, 2013, the reporting person was granted a restricted stock unit award vesting in equal annual installments on the first, second and third anniversaries of the award.
- F6On July 31, 2014, the reporting person was granted a performance unit award vesting on March 31, 2017. The actual number of shares earned in settlement of the award depends on the achievement of certain predetermined performance goals and ranges from 0% below targe to 200% at maximum. The number of shares reflected on this filing represents the remaining unvested performance units at the target performance level.
- F7On May 4, 2011, the reporting person was granted a stock option award vesting in equal annual installments on the first, second, third, fourth and fifth anniversaries of the award.