SEC Form 4 · accession 0001384158-16-000008

Arq, Inc. · ARQ

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Product Officer

Period of report

Mar 1, 2016

Accepted (ET)

Mar 3, 2016 · 7:24 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 Stock^F1,F2,F3	Mar 1, 2016	M	3,231	$0.00	A	46,705	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Share Units^F4,F1	—	Mar 1, 2016	M	9,504	D	—	—	Common Stock	9,504	15,426	D

F1On March 1, 2016, the Compensation Committee of the Board of Directors of the issuer determined that of the 9,504 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"), 3,231 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.
F3Of the amount shown, 16,532 shares are held in a qualified pension plan account of the reporting person and 4,180 shares are restricted stock (not fully vested and subject to certain repurchase rights or transfer restrictions under the 2007 Plan).
F4The PSUs were granted for services rendered to the Company by the reporting person.