SEC Form 3 · accession 0001214659-17-004519
RENTECH, INC. · RTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicole Powe
Officer — SVP, General Counsel
Period of report
Jul 7, 2017
Accepted (ET)
Jul 20, 2017 · 1:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000868725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 6,638 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option for Common StockF1 | $3.03 | holding | — | — | — | — | Dec 14, 2025 | Common Stock | 20,000 | — | D |
| Performance Stock UnitsF2 | $0.00 | holding | — | — | — | — | Dec 14, 2018 | Common Stock | 5,163 | — | D |
| Restricted Stock UnitsF3 | $0.00 | holding | — | — | — | — | Dec 14, 2019 | Common Stock | 15,000 | — | D |
Explanation of responses
- F11. The option vests in three equal installments of common stock on the first, second and third anniversaries of the grant date (December 14, 2015).
- F2The reporting person is entitled to earn a number of performance stock units ("PSUs") based on the issuer's total shareholder return ("TSR") as measured on the third anniversary of December 14, 2014 (the "Vesting Start Date"). The number of PSUs set forth in the table represents the target number of PSUs that may be earned (the "Target PSUs"). A minimum TSR increase of 50% is required for any PSUs to be earned. Subject to the reporting person's continued service, the reporting person may earn 50% - 200% of the Target PSUs for a TSR increase of 50% - 200% on the third anniversary of the Vesting Start Date. Any PSUs that are not earned on the third anniversary may vest on the fourth anniversary based on the increase in the TSR over the full four-year period. Upon any vesting, each PSU that has been earned is settled for one share of common stock.
- F3Each restricted stock unit granted represents a contingent right to receive one share of common stock. One-third of the restricted stock units will vest on each of the first three anniversaries of December 14, 2016.