SEC Form 4 · accession 0000905729-17-000093
CHEMICAL FINANCIAL CORP · CHFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Ramaker
Officer — CEO & President · Director
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 1:41 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 | Mar 1, 2017 | M | 17,403 | $0.00 | A | 108,372 | D | |
| Common StockF2 | Mar 1, 2017 | F | 7,806 | $54.81 | D | 100,566 | D | |
| Common StockF3 | holding | — | — | — | 1,013 | 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 | — | Mar 1, 2017 | M | 11,602 | D | — | — | Common Stock | 17,403 | 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, 2016 and the reporting person's satisfaction of the service requirement as of March 1, 2017. 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 10/1/2016 and 12/31/2016 the reporting person acquired 5.155 shares of Chemical Financial Corporation common stock under the Chemical Financial Corporation 401(k) Plan.