SEC Form 4 · accession 0001225208-18-001811
FULLER H B CO · FUL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Corkrean
Officer — Executive VP and CFO
Period of report
Jan 25, 2018
Accepted (ET)
Jan 29, 2018 · 6:19 pm EST
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 Stock | holding | — | — | — | 3,461 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right-to-Buy)F1 | $53.57 | Jan 25, 2018 | A | 21,834 | A | Jan 25, 2019 | Jan 25, 2028 | Common Stock | 21,834 | 21,834 | D |
| Performance Stock UnitsF3,F2,F4 | $0.00 | Jan 25, 2018 | A | 2,307 | A | Jan 25, 2019 | Jan 25, 2021 | Common Stock | 2,307 | 2,307 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Jan 25, 2018 | A | 2,307 | A | Jan 25, 2019 | Jan 25, 2021 | Common Stock | 2,307 | 2,307 | D |
| Employee Stock Option (Right-to-Buy)F1 | $43.48 | holding | — | — | — | May 17, 2017 | May 17, 2026 | Common Stock | 16,672 | 16,672 | D |
| Employee Stock Option (Right-to-Buy)F1 | $50.10 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2027 | Common Stock | 23,696 | 23,696 | D |
| Performance Stock Option (Right-to-Buy)F7 | $57.70 | holding | — | — | — | Jan 31, 2021 | Oct 20, 2027 | Common Stock | 75,062 | 75,062 | D |
| Performance Stock UnitsF8,F2,F4 | $0.00 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2020 | Common Stock | 2,570 | 2,570 | D |
| Performance Stock UnitsF9,F2,F4 | $0.00 | holding | — | — | — | May 17, 2017 | May 17, 2019 | Common Stock | 1,301 | 1,301 | D |
| Phantom UnitsF10,F11 | $0.00 | holding | — | — | — | — | — | Common Stock | 45 | 45 | D |
| Restricted Stock UnitsF13,F5,F12 | $0.00 | holding | — | — | — | — | May 17, 2019 | Common Stock | 7,712 | 7,712 | D |
| Restricted Stock UnitsF13,F5,F6 | $0.00 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2020 | Common Stock | 4,160 | 4,160 | D |
| Restricted Stock UnitsF13,F5,F6 | $0.00 | holding | — | — | — | May 17, 2017 | May 17, 2019 | Common Stock | 1,295 | 1,295 | D |
Explanation of responses
- F1This option vests in three equal annual installments beginning on the date shown.
- F10These units (acquired after 12-31-04) convert into shares of common stock on a 1-for-1 basis.
- F11These units (acquired after 12-31-04) convert into shares of common stock upon the earlier of certain termination events as specified in the Key Employee DeferredCompensation Plan or such earlier date as selected by the participant, subject to holding periods required by law.
- F12These restricted stock units vest in three equal annual installments beginning on May 17, 2017.
- F13Amount includes restricted stock units acquired pursuant to a dividend equivalent reinvestment feature.
- F2These performance stock units convert into shares of common stock on a 1-for-1 basis.
- F3Each performance stock unit represents a contingent right to receive one share of H.B. Fuller common stock. Prior to vesting, the number of units subject to the award will be adjusted based on the company's return on invested capital performance for the applicable year. The number of units may increase to as much as 200% or decrease as low as 0% of the initial number of units depending on the level of ROIC performance. The grant amount is shown at a target level of performance.
- F4These performance stock units vest in three equal 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.
- F5These restricted stock units convert into shares of common stock on a 1-for-1 basis.
- F6These restricted stock units vest in three equal annual installments beginning on the date shown.
- F7These 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.
- F8Amount includes performance stock units acquired pursuant to a dividend equivalent reinvestment feature.
- F9This amount has been adjusted to reflect the increase in number of performance stock units of the original grant based on performance criteria. Amount also includes performance stock units acquired pursuant to a dividend equivalent reinvestment feature.