SEC Form 4 · accession 0000905729-16-000446
CHEMICAL FINANCIAL CORP · CHFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Collins
Officer — Exec V.P., Gen. Counsel & Secy
Period of report
Feb 26, 2016
Accepted (ET)
Feb 29, 2016 · 5:26 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 StockF1,F2 | Feb 26, 2016 | M | 2,757 | $0.00 | A | 9,404 | D | |
| Common StockF3 | Feb 26, 2016 | F | 858 | $34.60 | D | 8,546 | D | |
| Common StockF4,F5 | holding | — | — | — | 5,176 | 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 | 1,838 | D | — | — | Common Stock | 2,757 | 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.
- F2Includes 18.341 shares acquired between 7/1/2015 and 12/31/2015 through dividend reinvestment.
- F3Shares withheld to satisfy applicable withholding taxes in connection with conversion of restricted stock units.
- F4Between 7/1/2015 and 12/31/2015 the reporting person acquired 130.035 shares of Chemical Financial Corporation common stock under the Chemical Financial Corporation 401(k) Plan.
- F5The reporting person no longer has a reportable beneficial interest in 60 shares of common stock owned by his two sons and included in the reporting person's prior ownership reports.