SEC Form 4 · accession 0000920112-17-000008
HEARTLAND FINANCIAL USA INC · HTLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt Saylor
Director
Period of report
Dec 30, 2016
Accepted (ET)
Jan 5, 2017 · 5:32 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 StockF2,F1 | Dec 30, 2016 | M | 2,334 | $48.00 | A | 214,018 | I | Trust |
| Common Stock | holding | — | — | — | 0 | D | ||
| Common StockF1 | holding | — | — | — | 211,684 | I | Trust | |
| Common StockF3 | holding | — | — | — | 85,763 | I | Wife's Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 Time-Based Restricted StockF2,F4,F6 | — | Dec 30, 2016 | M | 1,075 | D | — | — | Common Stock | 0 | — | D |
| 2015 Time-Based Restricted StockF2,F4,F8 | — | Dec 30, 2016 | M | 1,350 | D | — | — | Common Stock | 0 | — | D |
| 2016 Time-Based Restricted StockF2,F4,F10 | — | Dec 30, 2016 | M | 1,000 | D | — | — | Common Stock | 0 | — | D |
| 2014 Performance Based Restricted StockF4,F5 | — | holding | — | — | — | — | — | Common Stock | 1,030 | — | D |
| 2014 Time-Based Restricted StockF4,F6 | — | holding | — | — | — | — | — | Common Stock | 1,075 | — | D |
| 2015 Performance Based Restricted StockF4,F7 | — | holding | — | — | — | — | — | Common Stock | 995 | — | D |
| 2015 Time-Based Restricted StockF4,F8 | — | holding | — | — | — | — | — | Common Stock | 1,350 | — | D |
| 2016 Performance Based Restricted Stock (1-year performance)F4,F9 | — | holding | — | — | — | — | — | Common Stock | 1,000 | — | D |
| 2016 Time-Based Restricted StockF4,F10 | — | holding | — | — | — | — | — | Common Stock | 1,000 | — | D |
Explanation of responses
- F1These shares are held by Kurt M. Saylor Trust dated 1-6-1998 for which Reporting Person acts as trustee.
- F10Of these restricted stock units, 1/3 vest on 1-19-2017, 1/3 vest on 1/19/2018, and 1/3 vest on 1/19/2019, subject to acceleration pursuant to qualified retirement
- F2The vesting of these shares was accelerated per Restricted Stock Unit agreements dated 3/11/2014, 1/20/2015, and 1/19/2016 due to qualified retirement.
- F3These shares are held by Melissa J. Saylor Trust dated 1-6-1998 for which Reporting Person's wife acts as trustee.
- F4Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F5These restricted stock units vest on 1-18-2017 if certain performance measures are achieved by the Issuer.
- F6Of these restricted stock units, 1/3 vest on 3-11-2017, 1/3 vest on 3-11-2018, and 1/3 vest on 3-11-2019, subject to acceleration pursuant to qualified retirement
- F7These restricted stock units vest on 1-18-2018 if certain performance measures are achieved by the Issuer.
- F8Of these restricted stock units, 1/3 vest on 1-20-2018, 1/3 vest on 1-20-2019, and 1/3 vest on 1-20-2020, subject to acceleration pursuant to qualified retirement
- F9These restricted stock units vest on 1-19-2019 if certain performance measures are achieved by the Issuer.