SEC Form 4 · accession 0000909108-16-000107
DIAMOND HILL INVESTMENT GROUP INC · DHIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher M Bingaman
Officer — Chief Executive Officer
Period of report
Jan 1, 2016
Accepted (ET)
Jan 4, 2016 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000909108
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Jan 1, 2016 | M | 7,000 | $0.00 | A | 27,164 | D | |
| CommonF2 | Jan 1, 2016 | F | 2,614 | $189.00 | D | 24,550 | D | |
| Common | holding | — | — | — | 2,815 | I | By 401k |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitF1 | — | Jan 1, 2016 | C | 7,000 | D | — | — | Common | 7,000 | 0 | D |
| Performance Restricted Stock UnitF3 | — | Jan 1, 2016 | A | 13,000 | A | — | — | Common | 13,000 | 13,000 | D |
Explanation of responses
- F1Reflects vesting of 7,000 shares of PRSU.
- F2Represents shares withheld to pay taxes associated with performance restricted stock that vested on January 1, 2016.
- F3Award of Performance Restricted Stock Units pursuant to the Diamond Hill Investment Group, Inc. 2014 Equity and Cash Incentive Plan. Performance Restricted Stock Units under this award are convertible into shares of common stock upon the completion of the year ending December 31, 2016 and December 31, 2017, based on the attainment by the Company of certain financial performance criteria in the year ending December 31, 2016 and December 31, 2017. Performance Restricted Stock Units under this award represent a contingent right to receive one share of Common stock.