SEC Form 4 · accession 0000909108-17-000040
DIAMOND HILL INVESTMENT GROUP INC · DHIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Edward Line
Officer — Chief Financial Officer
Period of report
Apr 1, 2017
Accepted (ET)
Apr 3, 2017 · 4:24 pm EDT
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 | Apr 1, 2017 | M | 3,000 | $0.00 | A | 8,312 | D | |
| CommonF2 | Apr 1, 2017 | F | 1,484 | $194.55 | D | 6,828 | D | |
| Common | Apr 3, 2017 | S | 500 | $193.14 | D | 6,328 | D | |
| Common | holding | — | — | — | 438 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | — | Apr 1, 2017 | C | 3,000 | D | — | — | Common | 3,000 | 6,000 | D |
Explanation of responses
- F1Reflects vesting of 3,000 Restricted Stock Units ("RSUs").
- F2Represents shares withheld to pay taxes associated with RSUs that vested on April 1, 2017.
- F3Remaining RSUs under this award are convertible into 6,000 shares of common stock. 3,000 RSUs vest and convert on April 1, 2018 and the remaining 3,000 RSUs vest and convert on April 1, 2019, both subject to the requirement of continuous service through the applicable vesting date. After vesting, each share of common stock is then further restricted from sale for a five year period. RSUs under this award represent a contingent right to receive once share of Common Stock.