SEC Form 4 · accession 0001373894-19-000007
UFP TECHNOLOGIES INC · UFPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W David Smith
Officer — Vice President
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 3:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914156
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 Par ValueF1 | Feb 19, 2019 | A | 2,032 | $0.00 | A | 14,583 | D | |
| Common Stock, $.01 Par ValueF2 | Feb 19, 2019 | A | 2,276 | $0.00 | A | 16,859 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units granted on February 21, 2018, under the issuer's 2003 Incentive Plan subject to satisfaction of performance targets that are to be settled solely in shares of common stock. The transaction date represents the date on which the issuer's Compensation Committee determined the performance targets were achieved. The units vest with respect to one-third of the shares on March 1, 2020 and with respect to an additional one-third on each of March 1, 2021 and 2022, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.
- F2Represents stock unit awards granted on February 19, 2019, under the issuer's 2003 Incentive Plan the vesting under which is soley time-based, that are to be settled solely in shares of common stock. The units vest with respect to one-third of the shares on March 1, 2021 and with respect to an additional one-third on each of March 1, 2022 and 2023, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.