SEC Form 4 · accession 0000899243-17-016200
CECO ENVIRONMENTAL CORP · CECO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis Sadlowski
Officer — Chief Executive Officer · Director
Period of report
Jun 10, 2017
Accepted (ET)
Jun 13, 2017 · 2:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000003197
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 10, 2017 | A | 23,511 | $0.00 | A | 43,981 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF1 | — | Jun 10, 2017 | A | 1,400,000 | A | — | — | Common Stock | — | 1,400,000 | D |
Explanation of responses
- F1Reflects the maximum number of Performance Units that could be earned under this award. Each Performance Unit represents the equivalent of $1.00. In general, from 0% to 100% of the maximum award will vest on June 10, 2020, based on the extent to which stock price performance goals (based on the highest average market value per share of the Issuer's Common Stock during any period of 30 consecutive trading days) are achieved from June 10, 2018 to June 10, 2020, subject to continuous employment through the vesting date. Vested Performance Units will be paid in Issuer Common Stock based on the highest stock price performance hurdle achieved during the performance period, as set forth in the applicable award agreement.