SEC Form 4 · accession 0000920112-17-000014
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 10, 2017 · 1:54 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 | Dec 30, 2016 | M | 1,380 | $48.00 | A | 215,398 | I | Trust |
| Common StockF1 | holding | — | — | — | 214,018 | I | Trust | |
| Common StockF2 | holding | — | — | — | 85,763 | I | Wife's Trust | |
| Common Stock | holding | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 Performance Based Restricted StockF5,F3,F4 | — | Dec 30, 2016 | M | 1,030 | D | — | — | Common Stock | 0 | — | D |
| 2015 Performance Based Restricted StockF5,F3,F6 | — | Dec 30, 2016 | M | 995 | D | — | — | Common Stock | 0 | — | D |
| 2014 Performance Based Restricted StockF3,F4 | — | holding | — | — | — | — | — | Common Stock | 1,030 | — | D |
| 2015 Performance Based Restricted StockF3,F6 | — | holding | — | — | — | — | — | Common Stock | 995 | — | D |
| 2016 Performance Based Restricted Stock (1-year performance)F3,F7 | — | 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.
- F2These shares are held by Melissa J. Saylor Trust dated 1-6-1998 for which Reporting Person's wife acts as trustee.
- F3Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4These restricted stock units vest on 1-18-2017 if certain performance measures are achieved by the Issuer, subject to acceleration pursuant to qualified retirement.
- F5The vesting of these shares was accelerated per Restricted Stock Unit agreements dated 3/11/2014 and 3/10/2015 due to qualified retirement.
- F6These restricted stock units vest on 1-18-2018 if certain performance measures are achieved by the Issuer, subject to acceleration pursuant to qualified retirement.
- F7These restricted stock units vest on 1-19-2019 if certain performance measures are achieved by the Issuer.