SEC Form 4 · accession 0000920112-17-000034
HEARTLAND FINANCIAL USA INC · HTLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan McKeag
Officer — Chief Financial Officer
Period of report
Jan 18, 2017
Accepted (ET)
Jan 19, 2017 · 4:58 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 Stock | Jan 18, 2017 | M | 1,000 | $46.40 | A | 1,003 | D | |
| Common Stock | Jan 18, 2017 | M | 1,678 | $46.40 | A | 2,681 | D | |
| Common StockF1 | holding | — | — | — | 5,454 | I | Trust | |
| Common Stock | holding | — | — | — | 3 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 Time-Based Restricted StockF2,F3 | — | Jan 18, 2017 | F | 1,000 | D | — | — | Common Stock | 0 | — | D |
| 2014 Performance Based Restricted StockF2,F4 | — | Jan 18, 2017 | F | 1,678 | D | — | — | Common Stock | 0 | — | D |
| 2013 Time-Based Restricted StockF2,F3 | — | holding | — | — | — | — | — | Common Stock | 1,000 | — | D |
| 2014 Performance Based Restricted StockF2,F4 | — | holding | — | — | — | — | — | Common Stock | 1,678 | — | D |
| 2014 Time-Based Restricted StockF2,F5 | — | holding | — | — | — | — | — | Common Stock | 1,875 | — | D |
| 2015 Performance Based Restricted StockF2,F6 | — | holding | — | — | — | — | — | Common Stock | 1,313 | — | D |
| 2015 Time-Based Restricted StockF2,F7 | — | holding | — | — | — | — | — | Common Stock | 1,875 | — | D |
| 2016 Performance Based Restricted Stock (1-year performance)F2,F8,F9 | — | holding | — | — | — | — | — | Common Stock | 1,767 | — | D |
| 2016 Performance Based Restricted Stock (3-year performance)F2,F10 | — | holding | — | — | — | — | — | Common Stock | 842 | — | D |
| 2016 Time-Based Restricted StockF2,F11 | — | holding | — | — | — | — | — | Common Stock | 1,587 | — | D |
| 2017 Time-Based Restricted StockF2,F12 | — | holding | — | — | — | — | — | Common Stock | 1,620 | — | D |
Explanation of responses
- F1These shares are held by Bryan R and Linda M McKeag Living Trust dated 02-18-2009
- F10These restricted stock units vest in 2019 if certain performance measures are achieved by the Issuer.
- F11Of 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.
- F12Of these restricted stock units, 1/3 vest in 01-2018, 1/3 vest in 01-2019 and 1/3 vest in 01-2020.
- F2Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F3These restricted stock units will vest on 1/18/2017 per employment agreement terms.
- F4These restricted stock units vest on 1-18-2017 if certain performance measures are achieved by the Issuer.
- F5Of 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.
- F6These restricted stock units vest on 1-18-2018 if certain performance measures are achieved by the Issuer.
- F7Of 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.
- F8These restricted stock units vest on 1-19-2019 if certain performance measures are achieved by the Issuer.
- F9Reflects the addition of 84 shares earned in 2016 based on exceeding target performance metrics.