SEC Form 4 · accession 0000914122-18-000052
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
Jun 27, 2018
Accepted (ET)
Jun 27, 2018 · 2:34 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 | Jun 27, 2018 | M | 7,288 | $9.55 | A | 50,602 | D | |
| Common Stock | Jun 27, 2018 | M | 11,978 | $9.79 | A | 62,580 | D | |
| Common Stock | Jun 27, 2018 | M | 12,773 | $9.70 | A | 75,353 | D | |
| Common Stock | Jun 27, 2018 | M | 10,975 | $9.45 | A | 86,328 | D | |
| Common StockF1 | Jun 27, 2018 | S | 13,422 | $9.025 | D | 72,906 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted SharesF2,F3 | — | Jun 27, 2018 | M | 7,288 | D | — | — | Restricted Shares | 7,288 | 96,359 | D |
| Restricted SharesF2,F4 | — | Jun 27, 2018 | M | 11,978 | D | — | — | Restricted Shares | 11,978 | 84,381 | D |
| Restricted SharesF2,F5 | — | Jun 27, 2018 | M | 12,773 | D | — | — | Restricted Shares | 12,773 | 71,608 | D |
| Restricted SharesF2,F6 | — | Jun 27, 2018 | M | 10,975 | D | — | — | Restricted Shares | 10,975 | 60,633 | D |
Explanation of responses
- F1Shares exercised as a sell-to-cover for tax on vested Restricted Shares
- F2Each restricted stock unit (which has voting rights) represents the contingent right to receive one share of common stock upon vesting of the unit
- F3Restricted shares vested on 05/13/2018
- F4Restricted shares vested on 6/14/2018
- F5Restricted shares vested on 6/18/2018
- F6Restricted shares vested on 06/22/2018