SEC Form 4 · accession 0001600781-17-000061
DMC Global Inc. · BOOM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Grieves
Officer — General Mgr of DYNAenergetics
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 6:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000034067
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | — | Feb 22, 2017 | A | 6,000 | A | — | — | Common Stock | 6,000 | 6,000 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 22, 2017 | A | 25,000 | A | — | — | Common Stock | 25,000 | 25,000 | D |
| Performance Share UnitsF4,F5 | — | Feb 22, 2017 | A | 3,000 | A | — | — | Common Stock | 3,000 | 3,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock.
- F2One-third of these RSUs will vest on each of the first, second and third anniversaries of the grant date.
- F3One-third of these RSUs will vest on each of the third, fourth and fifth anniversaries of the grant date.
- F4Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.
- F5The number of PSUs that will vest and the number of shares of Issuer's common stock that will be awarded, if any, is contingent on the Issuer's average Adjusted EBITDA as compared to target Adjusted EBITDA and the Issuer's total shareholder return ("TSR") relative to the TSR of identified peer companies achieved over the three year period from 2017 through 2019, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded. This PSU award will cliff vest, if at all, after the performance period ending December 31, 2019.