SEC Form 4 · accession 0000082166-18-000059
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
Jun 6, 2018
Accepted (ET)
Jun 7, 2018 · 2:52 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 Stock | Jun 6, 2018 | M | 16,400 | $15.61 | A | 22,389 | D | |
| Common Stock | Jun 6, 2018 | F | 10,336 | $40.00 | D | 12,053 | D | |
| Common Stock | Jun 6, 2018 | M | 13,100 | $20.10 | A | 25,153 | D | |
| Common Stock | Jun 6, 2018 | F | 9,148 | $40.00 | D | 16,005 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $20.10 | Jun 6, 2018 | M | 13,100 | D | Mar 17, 2016 | Mar 17, 2020 | Common Stock | 13,100 | 13,100 | D |
| Stock OptionF1 | $15.61 | Jun 6, 2018 | M | 16,400 | D | Apr 5, 2017 | Apr 5, 2021 | Common Stock | 16,400 | 16,400 | D |
| Stock OptionF1 | $29.20 | holding | — | — | — | Apr 5, 2018 | Apr 5, 2022 | Common Stock | 12,300 | 12,300 | D |
| Stock OptionF1 | $35.05 | holding | — | — | — | Apr 5, 2019 | Apr 5, 2023 | Common Stock | 7,880 | 7,880 | D |
| Restricted Stock Unit - 2016F2,F3 | — | holding | — | — | — | — | — | Common Stock | 4,570 | 4,570 | D |
| Restricted Stock Unit - 2017F2,F4 | — | holding | — | — | — | — | — | Common Stock | 5,140 | 5,140 | D |
| Restricted Stock Unit - 2018F2,F5 | — | holding | — | — | — | — | — | Common Stock | 4,420 | 4,420 | D |
Explanation of responses
- F1Pursuant 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.
- F2Each Time-based Restricted Stock Unit is the economic equivalent of one share of RAVN Common Stock.
- F3The 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.
- F4The 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.
- F5The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/18, provided that the Employee remains continuously employed by the Company through the Vesting Date.