SEC Form 4 · accession 0001217726-16-000011
Arq, Inc. · ARQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan R Lagarenne
Other
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 7:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001515156
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 1, 2016 | M | 4,916 | $0.00 | A | 28,734 | D | |
| Common StockF3,F4,F5 | Mar 1, 2016 | F | 1,572 | $5.25 | D | 27,162 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF6,F1 | — | Mar 1, 2016 | M | 14,460 | D | — | — | Common Stock | 14,460 | 21,734 | D |
Explanation of responses
- F1On March 1, 2016, the Compensation Committee of the Board of Directors of the issuer determined that of the 14,460 performance share units ("PSUs") awarded to the reporting person on May 14, 2013 (adjusted for the 2:1 stock dividend in March 2014) pursuant to the 2013 Long Term Incentive Plan under the issuer's Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"), 4,916 PSUs vested based on the achievement of specific performance criteria over a three year performance period ended December 31, 2015. Each vested PSU represents the right to receive one share of the issuer's common stock.
- F2Common stock was issued pursuant to the vesting terms of the PSUs, which were granted for services rendered to the Company by the reporting person.
- F3Represents the shares withheld to satisfy the minimum statutory tax withholding obligations upon the issuance of 4,916 shares issued upon the vesting of the PSUs (see Footnote No. 1).
- F4The share price used is the average of the high bid and low ask stock prices on the relevant date, calculated in accordance with the provisions of the 2007 Plan.
- F5Of the amount shown, 556 shares are held in a qualified pension plan account of the reporting person.
- F6The PSUs were granted for services rendered to the Company by the reporting person.