SEC Form 4 · accession 0001171843-18-000534
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 18, 2018
Accepted (ET)
Jan 22, 2018 · 7:37 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 18, 2018 | A | 2,477 | $58.25 | A | 48,689 | D | |
| SFNC | Jan 18, 2018 | F | 1,099 | $58.25 | D | 47,590 | D | |
| SFNC | holding | — | — | — | 4,128 | D | ||
| SFNC | holding | — | — | — | 2,288 | D | ||
| SFNC | 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 UnitF1,F2 | — | Jan 18, 2018 | A | 2,522 | A | — | — | Common | 2,522 | 2,522 | D |
| Performance Stock UnitF3,F4 | — | Jan 18, 2018 | A | 5,044 | A | — | — | Common | 5,044 | 5,044 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Simmons First National Corporation common stock.
- F2832 Restricted Stock Units vest on January 18, 2019; 832 Restricted Stock Units vest on January 18, 2020 and 858 Restricted Stock Units vest on January 18, 2021. 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.
- F3Each Performance Stock Unit represents a contingent right to receive one share of Simmons First National Corporation common stock.
- F4The 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, 2020, contingent upon the reporting person's continued employment with the registrant.