SEC Form 4 · accession 0001593968-15-000147
HARSCO CORP · HSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Earl Lundgren Jr.
Officer — SVP, Group Pres. M & M
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000045876
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 UnitF1 | — | May 8, 2015 | A | 11,343 | A | — | — | Common Stock | 11,343 | 11,343 | D |
| Stock Appreciation RightF2 | $16.53 | May 8, 2015 | A | 55,359 | A | — | May 8, 2025 | Common Stock | 55,359 | 55,359 | D |
| Performance Share UnitF3 | — | May 8, 2015 | A | 11,343 | A | — | Dec 31, 2017 | Common Stock | 11,343 | 11,343 | D |
Explanation of responses
- F1Restricted 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. Each restricted stock unit "cliff" vests on the third anniversary of the grant date.
- F2The stock appreciation rights vest in annual one-third increments on each of the first three anniversaries of the date of 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 MidCap 400 Industrial Index. The performance share units vest on 12/31/2017.