SEC Form 4 · accession 0001515156-18-000014
Arq, Inc. · ARQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Heath Sampson
Officer — President & CEO · Director
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 6:10 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 | Mar 1, 2018 | M | 12,304 | $0.00 | A | 198,721 | D | |
| Common Stock | Mar 1, 2018 | F | 2,667 | $9.73 | D | 196,054 | 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 UnitsF1 | — | Mar 1, 2018 | M | 29,166 | D | — | — | Common Stock | 29,166 | 0 | D |
Explanation of responses
- F1On March 1, 2018, the Compensation Committee of the Board of Directors of the issuer determined that of the 29,166 performance share units ("PSUs") awarded to the reporting person on March 3, 2015 pursuant to the 2015 Long Term Incentive Plan under the issuer's Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"), 12,304 PSUs vested based on the achievement of specific performance criteria over a three year performance period ended December 31, 2017. Each vested PSU represented the right to receive one share of the issuer's common stock.