SEC Form 4 · accession 0001693731-18-000011
DMC Global Inc. · BOOM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Grieves
Officer — Pres & Gen Mgr, DynaEnergetics
Period of report
Feb 18, 2018
Accepted (ET)
Feb 21, 2018 · 9:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000034067
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 18, 2018 | M | 2,667 | — | A | 18,541 | D | |
| Common Stock | Feb 18, 2018 | D | 1,120 | $23.40 | D | 17,421 | D | |
| Common StockF1 | Feb 18, 2018 | M | 1,785 | — | A | 19,206 | D | |
| Common Stock | Feb 18, 2018 | D | 750 | $23.40 | D | 18,456 | D | |
| Common StockF4 | Feb 19, 2018 | M | 1,662 | — | A | 20,118 | 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,F2 | — | Feb 18, 2018 | M | 2,667 | D | — | — | Common Stock | 2,667 | 5,333 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 18, 2018 | M | 1,785 | D | — | — | Common Stock | 1,785 | 1,784 | D |
| Restricted Stock UnitsF4,F5 | — | Feb 19, 2018 | M | 1,662 | D | — | — | Common Stock | 1,662 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents the right to receive one share of the Issuer's common stock. The reporting person settled 42% of his RSUs for cash and 58% of his RSUs for Common Stock of the Issuer.
- F2On February 18, 2016, 10,667 RSUs were granted to the reporting person. 2,667 of these RSUs vested on February 18, 2017 and another 2,667 RSUs vested on February 18, 2018. The remaining 5,333 RSUs will vest, if at all, based on the formula in footnote 6 of Form 4 filed by the reporting person for the transaction date of February 19, 2017, which takes into account the Issuer's achievement of budgeted Adjusted EBITDA and the total return to the Issuer's shareholders in comparison to the total shareholder return of the Issuer's peer group of public companies.
- F3On February 18, 2016, 5,354 RSUs were granted to the reporting person. 1,785 of these RSUs vested on February 18, 2017 and another 1,785 RSUs vested on February 18, 2018. The remaining 1,784 RSUs will vest on February 18, 2019.
- F4Each Restricted Stock Unit represents the right to receive one share of the Issuer's common stock.
- F5On February 19, 2015, 10,667 RSUs were granted to the reporting person. 2,667 of these RSUs vested on February 19, 2016, and another 2,667 of these RSUs vested on February 19, 2017. The vesting of the remaining 5,333 RSUs were subject to the formula in footnote 6 of the Form 4 filed by the reporting person for the transaction date of February 19, 2017, which takes into account the Issuer's achievement of budgeted Adjusted EBITDA and the total return to the Issuer's shareholders in comparison to the total shareholder return of the Issuer's peer group of public companies. On February 19, 2018, the Issuer determined that the performance conditions were only partially satisfied and, as a result, 3,671 of the RSUs of the original grant was forfeited, while 1,662 vested.