SEC Form 4 · accession 0001209191-15-001932
AMERICAN VANGUARD CORP · AVD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ulrich Trogele
Officer — See Remarks
Period of report
Jan 5, 2015
Accepted (ET)
Jan 6, 2015 · 2:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000005981
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 5, 2015 | A | 7,500 | $0.00 | A | 7,500 | D | |
| Common StockF2 | Jan 5, 2015 | A | 7,500 | $0.00 | A | 15,000 | D | |
| Common StockF3 | Jan 5, 2015 | A | 7,500 | $0.00 | A | 22,500 | D | |
| Common StockF4 | Jan 5, 2015 | A | 7,500 | $0.00 | A | 30,000 | D | |
| Common StockF5 | Jan 5, 2015 | A | 7,500 | $0.00 | A | 37,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These are restricted shares that vest ninety (90) days after the date of award, that is, on April 5, 2015, provided reporting person remains continuously employed by the issuer through the vesting date.
- F2These are restricted shares that vest on January 5, 2016, provided reporting person remains continuously employed by the issuer through the vesting date.
- F3These are restricted shares that vest on January 5, 2017, provided reporting person remains continuously employed by the issuer through the vesting date.
- F4These are restricted shares that vest on January 5, 2018, , provided reporting person remains continuously employed by the issuer through the vesting date.
- F5These are restricted shares that vest upon the satisfaction of two conditions, i ) reporting person is continuously employed by the issuer through January 5, 2018, and ii) the Company meets certain financial metrics over the period from January 1, 2015 through December 31, 2017,including, the relative growth of its earnings before income tax ("EBIT") compared to the median growth of EBIT of a certain group of industry peers (weighted at 50%), the relative growth of its net sales as compared to the median growth of net sales of that same group (weighted at 30%) and the relative growth of the fair market value of the Company's common stock as compared to the Russell 2000 Index (weighted at 20%).
Remarks
Executive Vice President, COO - AMVAC