SEC Form 4 · accession 0001171843-17-000302
SIMMONS FIRST NATIONAL CORP · SFNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marty Casteel
Officer — SEVP
Period of report
Jan 17, 2017
Accepted (ET)
Jan 19, 2017 · 3:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000090498
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| SFNC | Jan 17, 2017 | A | 2,982 | $58.50 | A | 40,742 | D | |
| SFNC | Jan 17, 2017 | F | 1,073 | $58.50 | D | 39,669 | D | |
| SFNCF1 | holding | — | — | — | 4,114 | D | ||
| SFNC | holding | — | — | — | 2,288 | D | ||
| SFNCF2 | holding | — | — | — | 11,217 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4 | — | Jan 17, 2017 | A | 2,363 | A | — | — | Common | 2,363 | 2,363 | D |
| Performance Stock UnitF5,F6 | — | Jan 17, 2017 | A | 4,726 | A | — | — | Common | 4,726 | 4,726 | D |
Explanation of responses
- F1Shares increased due to dividend reinvestment plan holdings.
- F2Employee Stock Ownership Plan merged into 401K Plan.
- F3Each Restricted Stock Unit represents a contingent right to receive one share of Simmons First National Corporation common stock.
- F4One third of the Restricted Stock Unit vests on January 17, 2018, 2019 and 2020. SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability and other specified events in the agreement may result in earlier vesting.
- F5Each Performance Stock Unit represents a contingent right to receive one share of Simmons First National Corporation common stock.
- F6The shares listed are the maximum number of shares which may vest under this grant. Vesting will occur subsequent to the attainment of performance goals set and verified by the Compensation Committee of the Company's Board of Directors for the performance period ending December 31, 2019, contingent upon the reporting person's continued employment with the registrant.