SEC Form 4 · accession 0001127602-15-033299
SENSIENT TECHNOLOGIES CORP · SXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen J Rolfs
Officer — Senior VP & CFO
Period of report
Dec 3, 2015
Accepted (ET)
Dec 7, 2015 · 10:24 am EST
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 | holding | — | — | — | 116,231 | D | ||
| Common StockF2 | holding | — | — | — | 4,083 | I | ESOP | |
| Common StockF3 | holding | — | — | — | 1,731 | I | Savings Plan | |
| Common StockF4 | holding | — | — | — | 1,063 | I | Supplemental Benefit Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF5,F6 | — | Dec 3, 2015 | A | 13,900 | A | — | — | Common Stock | 13,900 | 13,900 | D |
| Performance Stock UnitF5,F7 | — | holding | — | — | — | — | — | Common Stock | 15,200 | 15,200 | D |
| Performance Stock UnitF5,F8 | — | holding | — | — | — | — | — | Common Stock | 8,600 | 8,600 | D |
| Stock Options (Right to Buy)F9 | $24.15 | holding | — | — | — | Dec 7, 2007 | Dec 7, 2016 | Common Stock | 2,125 | 2,125 | D |
Explanation of responses
- F1Includes shares of restricted stock held under Issuer's 2002 Stock Option Plan and Issuer's 2007 Stock Plan.
- F2Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
- F3Represents shares held in Issuer's Savings Plan as of the end of the month immediately preceding this filing.
- F4Represents shares held in Issuer's Supplemental Benefit Plan as of the end of the month immediately preceding this filing.
- F5Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- F6Represents grant of performance stock units under Issuer's 2007 Stock Plan. The award is eligible to vest following a three year performance period (from January 1, 2016 through December 31, 2018) 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 and vest following the three year performance period. 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 0% to 150% of the target award amount.
- F7Represents grant of performance stock units under Issuer's 2007 Stock Plan. The award is eligible to vest following a three year performance period (from January 1, 2015 through December 31, 2017) 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 and vest following the three year performance period. 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 0% to 150% of the target award amount.
- F8Represents 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.
- F9Original option grant vests in three equal annual installments beginning on the date listed in the "Date Exercisable" column.