SEC Form 4 · accession 0001127602-16-050292
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
Apr 27, 2016
Accepted (ET)
Apr 29, 2016 · 4:31 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 27, 2016 | M | 2,125 | $24.15 | A | 111,356 | D | |
| Common StockF3,F2 | Apr 27, 2016 | S | 915 | $67.8343 | D | 110,441 | D | |
| Common StockF4 | holding | — | — | — | 4,161 | I | ESOP | |
| Common StockF5 | holding | — | — | — | 1,746 | I | Savings Plan | |
| Common StockF6 | holding | — | — | — | 1,174 | 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)F7 | $24.15 | Apr 27, 2016 | M | 2,125 | D | Dec 7, 2007 | Dec 7, 2016 | Common Stock | 2,125 | 0 | D |
| Performance Stock UnitF8,F9 | — | holding | — | — | — | — | — | Common Stock | 8,600 | 8,600 | D |
| Performance Stock UnitF8,F10 | — | holding | — | — | — | — | — | Common Stock | 15,200 | 15,200 | D |
| Performance Stock UnitF8,F11 | — | holding | — | — | — | — | — | Common Stock | 13,900 | 13,900 | D |
Explanation of responses
- F1Exercise of in-the-money stock option that would otherwise expire on 12/7/2016, 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 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.
- F11Represents 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.
- F2Includes shares of restricted stock held under Issuer's 2007 Stock Plan.
- F3This amount represents the weighted average sale price for the transactions reported on this line. The actual sale prices ranged from $67.77 to $67.97. The reporting person hereby agrees to provide, upon request by the SEC staff, by the Issuer, or by any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F4Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
- F5Represents shares held in Issuer's Savings Plan as of the end of the month immediately preceding this filing.
- F6Represents shares held in Issuer's Supplemental Benefit Plan as of the end of the month immediately preceding this filing.
- F7Original option grant vests in three equal annual installments beginning on the date listed in the "Date Exercisable" column.
- F8Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- F9Represents 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.