SEC Form 4 · accession 0001225208-18-001821
FULLER H B CO · FUL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Owens
Officer — President and CEO
Period of report
Jan 25, 2018
Accepted (ET)
Jan 29, 2018 · 6:20 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 StockF1 | holding | — | — | — | 156,205 | D | ||
| Common StockF2 | holding | — | — | — | 346 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right-to-Buy)F4 | $53.57 | Jan 25, 2018 | A | 146,887 | A | Jan 25, 2019 | Jan 25, 2028 | Common Stock | 146,887 | 146,887 | D |
| Performance Stock UnitsF6,F5,F7 | $0.00 | Jan 25, 2018 | A | 15,521 | A | Jan 25, 2019 | Jan 25, 2021 | Common Stock | 15,521 | 15,521 | D |
| Performance Stock Units (CEO)F5,F8 | $0.00 | Jan 25, 2018 | A | 15,521 | A | Jan 25, 2019 | Jan 25, 2021 | Common Stock | 15,521 | 15,521 | D |
| Employee Stock Option (Right-to-Buy)F9 | $20.57 | holding | — | — | — | Dec 3, 2010 | Dec 3, 2019 | Common Stock | 33,275 | 33,275 | D |
| Employee Stock Option (Right-to-Buy)F9 | $22.27 | holding | — | — | — | Jan 20, 2012 | Jan 20, 2021 | Common Stock | 48,331 | 48,331 | D |
| Employee Stock Option (Right-to-Buy)F9 | $25.19 | holding | — | — | — | Jul 7, 2012 | Jul 7, 2021 | Common Stock | 15,748 | 15,748 | D |
| Employee Stock Option (Right-to-Buy)F9 | $28.40 | holding | — | — | — | Jan 26, 2013 | Jan 26, 2022 | Common Stock | 77,881 | 77,881 | D |
| Employee Stock Option (Right-to-Buy)F4 | $33.38 | holding | — | — | — | Jan 19, 2017 | Jan 19, 2026 | Common Stock | 182,039 | 182,039 | D |
| Employee Stock Option (Right-to-Buy)F9 | $39.64 | holding | — | — | — | Jan 24, 2014 | Jan 24, 2023 | Common Stock | 80,697 | 80,697 | D |
| Employee Stock Option (Right-to-Buy)F9 | $41.00 | holding | — | — | — | Jan 22, 2016 | Jan 22, 2025 | Common Stock | 112,727 | 112,727 | D |
| Employee Stock Option (Right-to-Buy)F9 | $48.92 | holding | — | — | — | Jan 23, 2015 | Jan 23, 2024 | Common Stock | 79,061 | 79,061 | D |
| Employee Stock Option (Right-to-Buy)F4 | $50.10 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2027 | Common Stock | 151,826 | 151,826 | D |
| Performance Stock Option (Right-to-Buy)F10 | $57.70 | holding | — | — | — | Jan 31, 2021 | Oct 20, 2027 | Common Stock | 289,684 | 289,684 | D |
| Performance Stock UnitsF11,F5,F7 | $0.00 | holding | — | — | — | Jan 19, 2017 | Jan 19, 2019 | Common Stock | 7,222 | 7,222 | D |
| Performance Stock UnitsF12,F5,F7 | $0.00 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2020 | Common Stock | 16,466 | 16,466 | D |
| Performance Stock Units (CEO)F12,F5,F8 | $0.00 | holding | — | — | — | Jan 19, 2017 | Jan 19, 2019 | Common Stock | 7,252 | 7,252 | D |
| Performance Stock Units (CEO)F12,F5,F8 | $0.00 | holding | — | — | — | Jan 26, 2018 | Jan 26, 2020 | Common Stock | 26,222 | 26,222 | 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-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.
- F11This 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.
- F12Amount includes performance 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.
- F4This option vests in three equal annual installments beginning on the date shown.
- F5These performance stock units convert into shares of common stock on a 1-for-1 basis.
- F6Each 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.
- F7These 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.
- F8These performance stock units vest in three equal annual installments beginning on the date shown, subject to one or more performance measures being achieved.
- F9This option is 100% vested.