SEC Form 4 · accession 0001693731-18-000020
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 27, 2018
Accepted (ET)
Mar 1, 2018 · 9:36 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 27, 2018 | A | 6,000 | A | — | — | Common Stock | 6,000 | 6,000 | D |
| Performance Share UnitsF3 | — | Feb 27, 2018 | 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 common stock.
- 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 right to receive one share of common stock based on certain vesting conditions. The number of PSUs reported equals the target number awarded on February 27, 2018. The actual number of shares of common stock that may vest, if any, is contingent on the Company's average Adjusted EBITDA as compared to target Adjusted EBITDA and the Company's total shareholder return ("TSR") relative to the TSR of identified peer companies achieved over the three year period from 2018 through 2020, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded. This 2018 PSU award will cliff vest, if at all, after the performance period ending December 31, 2020.