SEC Form 4 · accession 0000831641-17-000100
TETRA TECH INC · TTEK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P McDonald
Officer — SVP, CORPORATE HUMAN RESOURCES
Period of report
Nov 21, 2017
Accepted (ET)
Nov 22, 2017 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000831641
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | Nov 21, 2017 | A | 4,110 | $0.00 | A | 22,113 | D | |
| COMMON STOCKF2 | Nov 21, 2017 | A | 3,883 | $0.00 | A | 25,996 | D | |
| COMMON STOCKF3 | Nov 21, 2017 | F | 3,005 | $50.00 | D | 22,991 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each performance share unit ("PSU") represents the right to receive one share of Common Stock. The PSUs awarded cliff-vest after a 3-year performance period. The Performance Period was the Company's fiscal years 2015, 2016 and 2017. The number of PSUs earned by the Awardee was determined at the end of the Performance Period by measuring earnings per share ("EPS") growth, which was 35% year-over-year growth. Therefore, 200% of the 2,055 PSUs awarded on November 21, 2014 were earned and vested on November 21, 2017.
- F2Each performance share unit ("PSU") represents the right to receive one share of Common Stock. The PSUs awarded cliff-vest after a 3-year performance period. The Performance Period was the Company's fiscal years 2015, 2016 and 2017. The number of PSUs earned by the Awardee for the Performance Period was determined at the end of the Performance Period by measuring relative total shareholder return ("TSR"), with equal weight given to the selected industry peer group and to the S&P 1000. The TSR peer group performance percentile was 89%, and the TSR S&P 1000 performance percentile was 82%. Straight line interpolation determined the vesting credit percentage. Therefore, 189% of the 2,055 PSUs awarded on November 21, 2014 were earned and vested on November 21, 2017.
- F33,005 of the shares underlying PSUs which vested on 11/21/2017 were withheld to pay the related tax liability.