SEC Form 4 · accession 0001171843-18-000543
SIMMONS FIRST NATIONAL CORP · SFNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
George Makris Jr.
Officer — Chairman & CEO · Director
Period of report
Jan 18, 2018
Accepted (ET)
Jan 22, 2018 · 9:23 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 | 25,000 | $58.25 | A | 127,883 | D | |
| SFNC | Jan 18, 2018 | F | 11,537 | $58.25 | D | 116,346 | D | |
| SFNC | Jan 18, 2018 | A | 6,103 | $58.25 | A | 122,449 | D | |
| SFNC | Jan 18, 2018 | F | 2,902 | $58.25 | D | 119,547 | D | |
| SFNC | Jan 18, 2018 | M | 2,270 | $58.25 | A | 121,817 | D | |
| SFNC | Jan 18, 2018 | F | 1,050 | $58.25 | D | 120,767 | D | |
| SFNC | holding | — | — | — | 44,396 | D | ||
| SFNC | holding | — | — | — | 1,871 | I | Trust | |
| SFNCF7 | holding | — | — | — | 898 | D | ||
| SFNC | holding | — | — | — | 508 | D | ||
| SFNC | holding | — | — | — | 4,050 | I | By IRA | |
| SFNC | holding | — | — | — | 4,750 | I | IRA (Spouse) | |
| SFNC | holding | — | — | — | 67 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F1 | $58.25 | Jan 18, 2018 | M | 2,270 | A | — | — | Common | 2,270 | 5,421 | D |
| Restricted Stock UnitF3,F4 | — | Jan 18, 2018 | A | 7,563 | A | — | — | Common | 7,563 | 7,563 | D |
| Performance Stock UnitF5,F6 | — | Jan 18, 2018 | A | 15,126 | A | — | — | Common | 15,126 | 15,126 | D |
Explanation of responses
- F1The Restricted Stock Unit vested on January 18, 2018.
- F2One half of the Restricted Stock Unit vests on January 18, 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.
- F3Each Restricted Stock Unit represents a contingent right to receive one share of Simmons First National Corporation common stock.
- F42,495 Restricted Stock Units vest on January 18, 2019; 2,496 Restricted Stock Units vest on January 18, 2020 and 2,572 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.
- 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, 2020, contingent upon the reporting person's continued employment with the registrant.
- F7Total share amount increased by 399 shares due company's Employee Stock Purchase Plan.