SEC Form 4 · accession 0000045876-17-000031
HARSCO CORP · HSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott H Gerson
Officer — SVP and Group Pres.Industrial
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 1:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000045876
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 13,816 | I | by Managed Account |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF1 | $13.70 | Mar 3, 2017 | A | 17,945 | A | — | Mar 3, 2027 | Common Stock | 17,945 | 17,945 | D |
| Restricted Stock UnitsF2 | — | Mar 7, 2017 | A | 8,030 | A | — | — | Common Stock | 8,030 | 8,030 | D |
| Performance Share UnitsF3 | — | Mar 7, 2017 | A | 8,030 | A | — | Dec 31, 2019 | Common Stock | 8,030 | 8,030 | D |
Explanation of responses
- F1The stock appreciation rights vest in one-third increments on each of the first three anniversaries of the date of grant.
- F2Restricted stock units granted under the 2013 Equity and Incentive Compensation Plan represent a contingent right to receive Harsco common stock on a one-for-one basis when the restricted stock units vest. The restricted stock units vest in one-third increments on each of the first three anniversaries of the date of the grant.
- F3Each performance share unit represents a contingent right to receive the equivalent of one share of Harsco common stock. The performance share units vest based on the total shareholder return of Harsco common stock relative to the S&P 600 Industrial Index. The performance share units vest on 12/31/2019.