SEC Form 4 · accession 0001618774-17-000007
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
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 6:33 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 | Feb 28, 2017 | M | 3,350 | $0.00 | A | 141,363 | D | |
| Common Stock | Feb 28, 2017 | F | 1,071 | $10.77 | D | 140,292 | 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 | — | Feb 28, 2017 | M | 8,932 | D | — | — | Common Stock | 8,932 | 0 | D |
Explanation of responses
- F1On February 28, 2017, the Compensation Committee of the Board of Directors of the issuer determined that of the 8,932 performance share units ("PSUs") awarded to the reporting person on August 27, 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"), 3,350 PSUs vested based on the achievement of specific performance criteria over a three year performance period ended December 31, 2016. Each vested PSU represents the right to receive one share of the issuer's common stock.