SEC Form 4 · accession 0000063296-15-000070
MATTHEWS INTERNATIONAL CORP · MATW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul F Rahill
Officer — President, Cremation Division
Period of report
Nov 11, 2015
Accepted (ET)
Nov 13, 2015 · 2:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000063296
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Nov 11, 2015 | A | 2,700 | $0.00 | A | 50,871 | D | |
| Class A Common Stock | Nov 12, 2015 | F | 228 | $57.02 | D | 50,871 | D | |
| Class A Common Stock | Nov 12, 2015 | M | 5,333 | $37.29 | A | 50,871 | D | |
| Class A Common Stock | Nov 12, 2015 | S | 3,992 | $57.02 | D | 50,871 | 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 | $37.29 | Nov 12, 2015 | M | 5,333 | D | Nov 16, 2008 | Nov 16, 2015 | Class A Common Stock | 5,333 | 2,667 | D |
Explanation of responses
- F1Award of restricted stock under the Company's 2012 Equity Incentive Plan, subject to the agreement entered into under the Plan. In general, 50% of the shares vest on November 11, 2018, subject to continuing employment at that time; 25% of the shares vest in increments of one-third upon the stock price of the Company reaching 105%, 115% and 125% of the price of the Company's common stock on the date of the award for ten consecutive trading days, respectively; and 25% of the shares vest in increments of one-third upon the adjusted earnings per share of the Company reaching $3.25, $33.51 and $3.79; and in any event no earlier than one year from the date of the grant, subject to continuing employment at that time. Shares that do not achieve the stock price thresholds on or before November 11, 2020 will be forfeited. Shares that do not achieve the adjusted earnings per share thresholds on or before November 11, 2018 will be forfeited.
- F2Sale of shares to the registrant to cover tax withholdings on the vesting of restricted shares.
- F3Sale of shares to the registrant to cover the exercise price of employee stock options and the related tax withholdings upon stock option exercise.
Remarks
See attached "footnotes: page.