SEC Form 4 · accession 0000905729-15-000100
CHEMICAL FINANCIAL CORP · CHFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl Linebaugh
Other
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 3:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000019612
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 27, 2015 | M | 872 | $0.00 | A | 38,282 | D | |
| Common StockF2 | Feb 27, 2015 | F | 277 | $30.18 | D | 38,005 | D | |
| Common Stock | holding | — | — | — | 4,520 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 27, 2015 | M | 793 | D | — | — | Common Stock | 793 | 0 | D |
Explanation of responses
- F1Restricted stock units converted into shares of common stock upon the attainment by the Company of certain financial performance criteria upon completion of the year ended December 31, 2014 and the reporting person's satisfaction of the service requirement as of February 27, 2015. Restricted stock units were converted to shares of common stock on a 1.0-for-1.1 basis, as performance targets were achieved above the targeted level.
- F2Shares withheld to satisfy applicable withholding taxes in connection with conversion of restricted stock units.