SEC Form 4 · accession 0001209191-15-017121
CHEMED CORP · CHE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Spencer S Lee
Officer — executive vice president
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 3:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000019584
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| capital stock | Feb 19, 2015 | F | 1,321 | $113.63 | D | 54,007 | D | |
| capital stock | Feb 20, 2015 | M | 19,000 | $33.75 | A | 73,007 | D | |
| capital stock | Feb 20, 2015 | F | 11,583 | $113.14 | D | 61,424 | D | |
| capital stock | Feb 23, 2015 | S | 10,000 | $113.18 | D | 51,424 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock option(right to buy with tandem tax withholding)F3 | $33.75 | Feb 20, 2015 | M | 19,000 | D | — | May 19, 2018 | capital stock | 19,000 | 16,357 | D |
| performance stock unitsF4,F5 | — | Feb 20, 2015 | A | 663 | A | — | — | capital stock | 663 | 4,068 | D |
| performance stock unitsF4,F6 | — | Feb 20, 2015 | A | 663 | A | — | — | capital stock | 663 | 4,731 | D |
Explanation of responses
- F1stock award tax obligation
- F2Payment of purchase price and tax obligation on stock option exercise.
- F3exercisable in three equal annual installments commencing 5/19/2009.
- F4each performance stock unit represents a contingent right to receive one share of Chemed capital stock
- F5The restricted stock units vest based on the extent to which the Company achieves certain Earnings per Share performance targets over a performance period of January 1, 2015 through December 31, 2017 with the determination of such performance level to be made no later than March 15, 2018 and earned shares of Capital Stock to be delivered thereafter.
- F6The restricted stock units vest based on the extent to which the Company achieves certain Total Shareholder Return performance targets over a performance period of January 1, 2015 through December 31, 2017 with the determination of such performance level to be made no later than March 15, 2018 and earned shares of Capital Stock to be delivered thereafter.