SEC Form 4 · accession 0001179110-19-002332
BENCHMARK ELECTRONICS INC · BHE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D. Buseman
Officer — Executive Vice President
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000863436
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2019 | F | 471 | $28.09 | D | 15,297 | D | |
| Common stockF2 | Feb 20, 2019 | A | 12,460 | $0.00 | A | 27,757 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitsF3 | $0.00 | Feb 20, 2019 | A | 12,460 | A | — | — | Common Stock | 12,460 | 12,460 | D |
Explanation of responses
- F1These shares are being withheld to cover taxes related to the vesting of restricted stock units.
- F2These shares are represented by a restricted stock unit award bearing the right to receive Common Shares and are scheduled to vest in ratable annual installments over a four-year period from the grant date.
- F3This reflects the target number of performance-based restricted stock units awarded. Actual awards may vary from as low as zero to as high as 2.5 times the target. As soon as reasonably practicable following the end of the Performance Period (beginning on January 1, 2019 and ending on December 31, 2021) and in no event later than March 15, 2022, the number of shares that may ultimately be earned will be determined and issued.