SEC Form 4 · accession 0000805676-17-000039
PARK NATIONAL CORP /OH/ · PRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Matthew R Miller
Officer — Chief Accounting Officer
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 4:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000805676
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Mar 31, 2017 | A | 686 | — | A | 686 | D | |
| Common Shares | Mar 31, 2017 | F | 109 | $105.20 | D | 577 | D | |
| Common SharesF2 | Mar 31, 2017 | J | 80 | — | A | 1,996 | I | KSOP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 31, 2017 (the "Certification Date"), the Compensation Committee of the Board of Directors of Park National Corporation ("Park") certified the level of achievement with respect to the performance criteria for the three-fiscal-year performance period applicable to performance-based restricted stock units ("PBRSUs") granted to the reporting person on January 24, 2014. The PBRSUs convert into Park common shares on a one-for-one basis. The PBRSUs earned based on the performance level achieved (which are reported on this line) are also subject to service-based vesting with 50% vesting (resulting in the right to receive 343 common shares) on the Certification Date and the other 50% to vest on the first anniversary of the Certification Date.
- F2Between January 1 and March 31, 2017, the reporting person acquired 80.198 common shares under the Park National Corporation Employees Stock Ownership Plan (the "KSOP"). The information in this report is based on a plan statement dated as of March 31, 2017.