SEC Form 4 · accession 0000905729-16-000440
CHEMICAL FINANCIAL CORP · CHFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Rathbun
Other
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 4:26 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 Stock | Feb 25, 2016 | M | 383 | $24.78 | A | 6,089 | D | |
| Common Stock | Feb 25, 2016 | M | 1,014 | $24.52 | A | 7,103 | D | |
| Common Stock | Feb 25, 2016 | M | 1,275 | $21.10 | A | 8,378 | D | |
| Common StockF1 | Feb 26, 2016 | M | 1,299 | $0.00 | A | 9,677 | D | |
| Common StockF2,F6 | Feb 26, 2016 | F | 411 | $34.60 | D | 9,266 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $24.78 | Feb 25, 2016 | M | 383 | D | — | Jul 20, 2017 | Common Stock | 383 | 0 | D |
| Stock OptionsF4 | $24.52 | Feb 25, 2016 | M | 1,014 | D | — | Jul 25, 2018 | Common Stock | 1,014 | 0 | D |
| Stock OptionsF5 | $21.10 | Feb 25, 2016 | M | 1,275 | D | — | Apr 29, 2019 | Common Stock | 1,275 | 0 | D |
| Restricted Stock Performance UnitsF1 | — | Feb 26, 2016 | M | 866 | D | — | — | Common Stock | 1,299 | 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, 2015 and the reporting person's satisfaction of the service requirement as of February 26, 2016. Each restricted stock unit was converted to 1.5 shares of common stock, as performance targets were achieved at the maximum level.
- F2Shares withheld to satisfy applicable withholding taxes in connection with conversion of restricted stock units.
- F3Vested in three equal annual installments beginning on July 20, 2008.
- F4Vested in three equal annual installments beginning on February 25, 2009.
- F5Vested in three equal annual installments beginning on April 28, 2010.
- F6The reporting person no longer has a reportable beneficial interest in 108.550 shares of common stock owned by his son and daughter and both included in the reporting person's prior ownership reports.