SEC Form 4 · accession 0001127602-16-040236
SENSIENT TECHNOLOGIES CORP · SXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Collopy
Officer — V.P. and Treasurer
Period of report
Feb 9, 2016
Accepted (ET)
Feb 9, 2016 · 4:45 pm 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 StockF2 | Feb 9, 2016 | M | 4,000 | $19.03 | A | 46,703 | D | |
| Common StockF3 | holding | — | — | — | 2,270 | I | ESOP | |
| Common StockF4 | holding | — | — | — | 757 | I | Savings Plan | |
| Common StockF5 | holding | — | — | — | 428 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F6 | $19.03 | Feb 9, 2016 | M | 4,000 | D | Feb 10, 2007 | Feb 10, 2016 | Common Stock | 4,000 | 0 | D |
| Stock Options (Right to Buy)F6 | $24.15 | holding | — | — | — | Dec 7, 2007 | Dec 7, 2016 | Common Stock | 1,875 | 1,875 | D |
| Performance Stock UnitF7,F8 | — | holding | — | — | — | — | — | Common Stock | 4,600 | 4,600 | D |
| Performance Stock UnitF7,F9 | — | holding | — | — | — | — | — | Common Stock | 5,100 | 5,100 | D |
| Performance Stock UnitF7,F10 | — | holding | — | — | — | — | — | Common Stock | 3,300 | 3,300 | D |
Explanation of responses
- F1Exercise of in-the-money stock option that would otherwise expire on 2/10/2016, exempt from Section 16(b) by virtue of Rule 16b-6(b) and Rule 16b-3(d) and (e).
- F10Represents grant of performance stock units under Issuer's 2007 Stock Plan. The number of shares reflected is at the target award amount. The award is eligible to vest at 45% of the target award amount based upon the Issuer's achievement of certain performance criteria based on EBIT growth and return on invested capital during a two year performance period. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the actual number of shares earned will vest on the third anniversary of the original grant date.
- F2Includes shares of restricted stock held under Issuer's 2002 Stock Option Plan and Issuer's 2007 Stock Plan, and shares held in a dividend reinvestment plan.
- F3Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
- F4Represents shares held in Issuer's Savings Plan as of the end of the month immediately preceding this filing.
- F5Represents shares held in Issuer's Supplemental Benefit Plan as of the end of the month immediately preceding this filing.
- F6Original option grant vests in three equal annual installments beginning on the date listed in the "Date Exercisable" column.
- F7Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- F8Represents 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.
- F9Represents 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.