SEC Form 4 · accession 0001127602-16-040424

SENSIENT TECHNOLOGIES CORP · SXT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Paul Manning

Officer — President & CEO · Director

Period of report

Feb 9, 2016

Accepted (ET)

Feb 10, 2016 · 5:15 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 Stock^F1	Feb 9, 2016	P	1,500	$54.10	A	76,448	D
Common Stock^F2	holding	—	—		—	561	I	Supplemental Benefit Plan
Common Stock^F3	holding	—	—		—	361	I	ESOP

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Stock Unit^F4,F5	—	holding	—	—	—	—	—	Common Stock	35,400	35,400	D
Performance Stock Unit^F4,F6	—	holding	—	—	—	—	—	Common Stock	33,600	33,600	D
Performance Stock Unit^F4,F7	—	holding	—	—	—	—	—	Common Stock	20,500	20,500	D

Explanation of responses

F1Includes shares of restricted stock held under Issuer's 2007 Stock Plan.
F2Represents shares held in Issuer's Supplemental Benefit Plan as of the end of the month immediately preceding this filing.
F3Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
F4Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F5Represents 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.
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, 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.
F7Represents 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.