SEC Form 4/A · accession 0001600781-19-000046
DMC Global Inc. · BOOM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Ian Grieves
Officer — Pres & Gen Mgr, DynaEnergetics
Period of report
Feb 26, 2019
Accepted (ET)
Mar 6, 2019 · 2:02 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 26, 2019 | A | 4,576 | A | — | — | Common Stock | 4,576 | 4,576 | D |
| Performance Share UnitsF3,F4 | — | Feb 26, 2019 | A | 2,288 | A | — | — | Common Stock | 2,288 | 2,288 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents the right to receive one share of the common stock of the Issuer.
- F2One-third of these RSUs will vest on each of the first, second and third anniversaries of the grant date.
- F3Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.
- F4The 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 2019 through 2021, 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, 2021.
Remarks
This amendment corrects the number of RSUs and PSUs awarded to the Reporting Person.