SEC Form 4 · accession 0001678923-18-000001
HARDINGE INC · HDNG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Urs Baumgartner
Officer — Vice President - Grinding
Period of report
Dec 12, 2017
Accepted (ET)
Jan 18, 2018 · 4:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000313716
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 12, 2017 | M | 2,800 | $16.98 | A | 11,262 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4,F3 | $16.98 | Dec 12, 2017 | M | 2,800 | D | — | — | Common Stock | 2,800 | 0 | D |
Explanation of responses
- F1The reporting person is reporting the disposition of 2,800 restricted stock units awarded December 12, 2013, in exchange for an equal number of restricted shares of Hardinge Inc. common stock.
- F2Includes 5.87 shares acquired during 2017 in exempt transactions under the Hardinge Inc. Dividend Reinvestment Plan.
- F3Each restricted stock unit represents a right to receive one (1) restricted share of Hardinge Inc. common stock. The conversion price is equal to the closing share price of Hardinge Inc. common stock on the transaction date.
- F4The restricted stock units vest and become payable in restricted shares of Hardinge Inc. common stock on the four-year anniversary of the date such units are granted to the reporting person.