SEC Form 4 · accession 0001127602-15-015229
SENSIENT TECHNOLOGIES CORP · SXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth P Manning
Director
Period of report
Apr 23, 2015
Accepted (ET)
Apr 27, 2015 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000310142
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 23, 2015 | A | 1,302 | $0.00 | A | 273,732 | D | |
| Common Stock | holding | — | — | — | 2,000 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF3,F4 | — | holding | — | — | — | — | — | Common Stock | 33,500 | 33,500 | D |
Explanation of responses
- F1Represents grant of restricted stock under Issuer's 2012 Non-Employee Directors Stock Plan.
- F2Includes shares of restricted stock held under Issuer's 2012 Non-Employee Directors Stock Plan.
- F3Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- F4Represents grant of performance stock units under Issuer's 2007 Stock Plan. The award is eligible to vest following a two year performance period (from January 1, 2014 through December 31, 2015) as follows: (1) 70% of the award is eligible to vest upon achievement of certain performance criteria based on EBIT growth, and (2) 30% of the award is eligible to vest upon achievement of certain performance criteria based on return on invested capital. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the actual number of shares earned will be determined following the two year performance period and will vest on the third anniversary of the original grant date. The number of shares reflected is at the target award amount. No performance stock units will vest below a minimum level of performance. At or above the minimum level of performance, the actual number of shares earned may range from 50% to 150% of the target award amount.