SEC Form 4 · accession 0000082166-18-000014
RAVEN INDUSTRIES INC · RAVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven E Brazones
Officer — VP & CFO, Treasurer
Period of report
Mar 19, 2018
Accepted (ET)
Mar 20, 2018 · 2:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000082166
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 19, 2018 | A | 5,369 | $0.00 | A | 8,130 | D | |
| Common StockF2 | Mar 19, 2018 | F | 2,141 | $0.00 | D | 5,989 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $20.10 | holding | — | — | — | Mar 17, 2016 | Mar 17, 2020 | Common Stock | 26,200 | 26,200 | D |
| Stock OptionF3 | $15.61 | holding | — | — | — | Apr 5, 2017 | Apr 5, 2021 | Common Stock | 32,800 | 32,800 | D |
| Stock OptionF3 | $29.20 | holding | — | — | — | Apr 5, 2018 | Apr 5, 2022 | Common Stock | 12,300 | 12,300 | D |
| Restricted Stock Unit - 2016F4,F5 | — | holding | — | — | — | — | — | Common Stock | 4,570 | 4,570 | D |
| Restricted Stock Unit - 2017F4,F6 | — | holding | — | — | — | — | — | Common Stock | 5,140 | 5,140 | D |
Explanation of responses
- F1Grant of 5,369 Performance-based shares which vested on March 17, 2018 and includes 366 dividend equivalent shares earned on those shares.
- F2Shares forfeited to satisfy tax withholding requirements.
- F3Pursuant to Rule 16b-3(d). Right to buy. All options vest at the rate of 25% annually beginning on the date listed in Exercisable, column 6.
- F4Each Time-based Restricted Stock Unit is the economic equivalent of one share of RAVN Common Stock.
- F5The Time-Based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/16, provided that the Employee remains continuously employed by the Company through the vesting date.
- F6The Time-Based Restricted Stock Units shall become vested on the third anniversary of the effective date of 4/5/17, provided that the Employee remains continuously employed by the Company through the vesting date.