SEC Form 4 · accession 0000905729-16-000445
CHEMICAL FINANCIAL CORP · CHFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Ramaker
Officer — Chairman, President & CEO · Director
Period of report
Feb 26, 2016
Accepted (ET)
Feb 29, 2016 · 4:34 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 26, 2016 | M | 19,604 | $0.00 | A | 101,099 | D | |
| Common StockF2 | Feb 26, 2016 | F | 6,195 | $34.60 | D | 94,904 | D | |
| Common StockF3 | holding | — | — | — | 987 | 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 Performance UnitsF1 | — | Feb 26, 2016 | M | 13,069 | D | — | — | Common Stock | 19,604 | 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.
- F3Between 10/1/2015 and 12/31/2015 the reporting person acquired 7.364 shares of Chemical Financial Corporation common stock under the Chemical Financial Corporation 401(k) Plan.