SEC Form 4 · accession 0000914122-16-000048
Perma-Pipe International Holdings, Inc. · PPIH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl J Schmidt
Officer — VP and CFO
Period of report
Apr 8, 2016
Accepted (ET)
Apr 20, 2016 · 6:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914122
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | Apr 8, 2016 | M | 3,219 | $7.09 | A | 41,662 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F1 | $7.09 | Apr 8, 2016 | M | 3,219 | D | — | — | Common stock | 3,219 | 1,843 | D |
| Deferred Stock UnitsF3,F1 | $7.09 | Apr 8, 2016 | F | 1,843 | D | — | — | Common stock | 1,843 | 0 | D |
Explanation of responses
- F1Deferred share units are payable because the Deferred Stock Plan was terminated.
- F2Deferred stock units reported as disposed herein were settled for shares of the issuer's stock
- F3The shares of common stock underlying the Deferred stock reported as disposed herein were retained (but not issued) by the issuer in satisfaction of tax withholding obligations associated with the distribution.