SEC Form 4 · accession 0001437749-18-000236
US ECOLOGY, INC. · ECOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric L Gerratt
Officer — EVP and CFO
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 12:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000742126
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 2, 2018 | A | 3,900 | $0.00 | A | 25,490 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionF3 | $51.00 | Jan 2, 2018 | A | 6,900 | A | Jan 1, 2019 | Jan 1, 2028 | Common Stock | 6,900 | 6,900 | D |
| Performance Stock UnitsF4 | — | Jan 2, 2018 | A | 2,400 | A | — | Dec 31, 2020 | Common Stock | 2,400 | 2,400 | D |
Explanation of responses
- F1Restricted stock issued pursuant to US Ecology, Inc. Omnibus Incentive Plan, vesting annually over three years.
- F2Reflects a transfer of 9,000 shares exempt from Section 16 and occurring after the Reporting Person's Form 4 filed on August 28, 2017.
- F3Issued pursuant to US Ecology, Inc. Omnibus Incentive Plan, vesting annually over three years.
- F4Grant of Performance Stock Units. Each performance stock unit represents a contingent right to receive 1 share of US Ecology, Inc. Common Stock. The number of shares reported represents the target number of shares underlying the performance stock units. The actual number of shares to be delivered in settlement of the performance stock units earned during the performance period will be based on US Ecology, Inc.'s total shareholder return over the three year vesting period relative to the S&P 600 (weighted at 50%) and a peer group of certain companies in the environmental and facilities services industry (weighted at 50%) and could equal 200% of the target number of shares underlying the performance stock units. The performance stock units will settle as soon as practicable after December 31, 2020.