SEC Form 4 · accession 0001140361-18-009246
TRECORA RESOURCES · TREC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon H Upfill-Brown
Officer — President/CEO · Director
Period of report
Feb 9, 2018
Accepted (ET)
Feb 21, 2018 · 12:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000007039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stockF1,F2 | Feb 9, 2018 | M | 7,370 | — | A | 88,035 | D | |
| common stockF4 | Feb 9, 2018 | F | 1,795 | $12.85 | D | 86,240 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| restricted stock unitsF2,F1 | — | Feb 9, 2018 | M | 7,370 | D | — | — | common stock | 7,370 | 319,301 | D |
| restricted stock unitsF2,F3 | — | Feb 20, 2018 | A | 55,556 | A | — | — | common stock | 55,556 | 374,857 | D |
Explanation of responses
- F1Vesting of ? of time vested restricted stock units which were granted on 02/10/15 and vest in 4 equal installments beginning on the first anniversary of the grant date.
- F2Granted as officer compensation. Converts into common stock on a one-for-one basis.
- F3One half of award vests ratably over 3 years beginning with the first anniversary date of the grant date. The remaining 50% vest at the end of three years subject to performance criteria.
- F4Withheld for tax liability