SEC Form 4 · accession 0000920112-15-000213
HEARTLAND FINANCIAL USA INC · HTLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth J Erickson
Officer — EVP, Chief Credit Officer
Period of report
Nov 6, 2015
Accepted (ET)
Nov 16, 2015 · 3:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000920112
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 6, 2015 | S | 5,000 | $38.7864 | D | 146,208 | D | |
| Common Stock | holding | — | — | — | 69,875 | I | Spouse | |
| Common Stock | holding | — | — | — | 2,604 | I | 401(k) | |
| Common StockF3 | holding | — | — | — | 6,151 | I | HTLF Retirement Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right To Buy)F4 | $29.65 | holding | — | — | — | — | Jan 16, 2017 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1Includes 10,042 Restricted Stock Units (RSU). Each RSU represents the right to receive one share of common stock. The grant vests in three equal installments on the third, fourth and fifth anniversaries of the grant date.
- F2Includes 4,568 shares of Performance Based Restricted Stock.
- F3Represents shares allocated to the reporting person's account under the Heartland Financial USA, Inc. Retirement Plan as a result of the Pension Plan Protectin Act of 2006.
- F4Represents options to buy granted under the Company's 1993 Stock Option Plan, a Rule 16(b)(3) plan, which options vest one-third per year beginning on the 3rd anniversary of date of grant.