SEC Form 4 · accession 0001225208-17-016511
FULLER H B CO · FUL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
James Owens
Officer — President and CEO
Period of report
Oct 20, 2017
Accepted (ET)
Oct 24, 2017 · 5:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039368
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 139,680 | D | ||
| Common StockF2 | holding | — | — | — | 345 | I | By 401(k) Plan | |
| Common StockF3 | holding | — | — | — | 280 | I | By Son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock Option (Right-to-Buy)F4,F5 | $57.70 | Oct 20, 2017 | A | 400,776 | A | Jan 31, 2021 | Oct 20, 2027 | Common Stock | 400,776 | 400,776 | D |
| Employee Stock Option (Right-to-Buy)F6 | $20.57 | holding | — | — | — | — | Dec 3, 2019 | Common Stock | 33,275 | 33,275 | D |
| Employee Stock Option (Right-to-Buy)F6 | $22.27 | holding | — | — | — | — | Jan 20, 2021 | Common Stock | 48,331 | 48,331 | D |
| Employee Stock Option (Right-to-Buy)F6 | $25.19 | holding | — | — | — | — | Jul 7, 2021 | Common Stock | 15,748 | 15,748 | D |
| Employee Stock Option (Right-to-Buy)F6 | $28.40 | holding | — | — | — | — | Jan 26, 2022 | Common Stock | 77,881 | 77,881 | D |
| Employee Stock Option (Right-to-Buy)F7 | $33.38 | holding | — | — | — | — | Jan 19, 2026 | Common Stock | 182,039 | 182,039 | D |
| Employee Stock Option (Right-to-Buy)F6 | $39.64 | holding | — | — | — | — | Jan 24, 2023 | Common Stock | 80,697 | 80,697 | D |
| Employee Stock Option (Right-to-Buy)F8 | $41.00 | holding | — | — | — | — | Jan 22, 2025 | Common Stock | 112,727 | 112,727 | D |
| Employee Stock Option (Right-to-Buy)F6 | $48.92 | holding | — | — | — | — | Jan 23, 2024 | Common Stock | 79,061 | 79,061 | D |
| Employee Stock Option (Right-to-Buy)F9 | $50.10 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2027 | Common Stock | 151,826 | 151,826 | D |
| Performance Stock UnitsF12,F10,F11 | $0.00 | holding | — | — | — | Jan 19, 2016 | Jan 19, 2019 | Common Stock | 14,252 | 14,252 | D |
| Performance Stock UnitsF12,F10,F11 | $0.00 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2020 | Common Stock | 16,422 | 16,422 | D |
| Performance Stock Units (CEO)F12,F10,F13 | $0.00 | holding | — | — | — | Jan 19, 2016 | Jan 19, 2019 | Common Stock | 14,253 | 14,253 | D |
| Performance Stock Units (CEO)F12,F10,F14 | $0.00 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2020 | Common Stock | 26,153 | 26,153 | D |
| Restricted Stock UnitsF17,F15,F16 | $0.00 | holding | — | — | — | — | Jan 22, 2018 | Common Stock | 10,127 | 10,127 | D |
Explanation of responses
- F1Amount includes 189,261 restricted shares that are 100% vested and restricted shares acquired pursuant to a dividend accrual feature.
- F10These performance stock units convert into shares of common stock on a 1-for-1 basis.
- F11These performance stock units vest in three annual installments beginning on the date shown upon H.B. Fuller achieving return on invested capital at least at the threshold level of performance in each year of the three years of vesting.
- F12Amount includes performance stock units acquired pursuant to a dividend equivalent reinvestment feature.
- F13These restricted stock units vest in three equal annual installments beginning on the date shown, subject to one or more performance measures being achieved.
- F14These performance stock units vest in three equal annual installments beginning on the date shown, subject to one or more performance measures being achieved.
- F15These restricted stock units convert into shares of common stock on a 1-for-1 basis.
- F16These restricted stock units vest in three equal annual installments beginning on January 22, 2016.
- F17Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature.
- F2This amount includes shares and dividends acquired pursuant to the H.B.Fuller Company 401(k) & Retirement Plan.
- F3Held jointly by spouse and son.
- F4Each performance-based non-qualified stock option represents a contingent right and option to purchase all or any part of an aggregate of 400,776 shares of Common Stock at the price of $57.70 per share. Prior to vesting, the number of options subject to the award will be adjusted based on the company's adjusted EBITDA performance for fiscal year 2020. The number of options may decrease to as low as 0% of the initial number of options depending on the level of adjusted EBITDA performance. The grant amount is shown at the superior level of performance.
- F5These performance-based non-qualified stock options vest on the date shown contingent upon H.B. Fuller achieving adjusted EBITDA at least at the threshold level of performance.
- F6This option is 100% vested.
- F7This option vests in three equal installments beginning on January 19, 2017.
- F8This option vests in three equal annual installments beginning on January 22, 2016.
- F9This option vests in three equal installments beginning on the date shown.