SEC Form 4 · accession 0000920112-17-000096
HEARTLAND FINANCIAL USA INC · HTLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas J Horstmann
Officer — EVP, Lending
Period of report
Feb 22, 2017
Accepted (ET)
Feb 23, 2017 · 8:44 am 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 | Feb 22, 2017 | S | 10,000 | $49.00 | D | 69,915 | I | Trust |
| Common StockF1 | holding | — | — | — | 79,915 | I | Trust | |
| Common StockF2 | holding | — | — | — | 25,000 | I | Trust | |
| Common StockF3 | holding | — | — | — | 27,000 | I | Spouse's Trust | |
| Common Stock | holding | — | — | — | 15,720 | I | 401(k) |
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 StockF4,F5 | — | holding | — | — | — | — | — | Common Stock | 0 | 0 | D |
| 2014 Time-Based Restricted StockF4,F6 | — | holding | — | — | — | — | — | Common Stock | 2,025 | 0 | D |
| 2015 Performance Based Restricted StockF4,F7 | — | holding | — | — | — | — | — | Common Stock | 1,990 | 0 | D |
| 2015 Time-Based Restricted StockF4,F8 | — | holding | — | — | — | — | — | Common Stock | 2,050 | 0 | D |
| 2016 Performance Based Restricted Stock (1-year performance)F4,F9 | — | holding | — | — | — | — | — | Common Stock | 1,050 | — | D |
| 2016 Performance Based Restricted Stock (3-year performance)F4,F10 | — | holding | — | — | — | — | — | Common Stock | 758 | 0 | D |
| 2016 Time-Based Restricted StockF4,F11 | — | holding | — | — | — | — | — | Common Stock | 953 | 953 | D |
| 2017 Time-Based Restricted StockF4,F12 | — | holding | — | — | — | — | — | Common Stock | 1,133 | — | D |
Explanation of responses
- F1These shares are held by Doulgas J Horstmann Trust under agreement dated 8/13/2011 FBO Douglas J Horstmann Declaration of Trust
- 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.
- F2These shares are held by Douglas J Horstmann Declaration of Trust under agreement dated 8/13/2011, Douglas J Horstmann, Trustee
- F3These shares are held by Karen M Horstmann Declaration of Trust dated 8/13/2011, Karen M Horstmann, Trustee
- F4Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F5Of these restricted stock units, 1/3 vest on 1-22-2016, 1/3 vest on 1-22-2017, and 1/3 vest on 1-22-2018.
- 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.
- 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.
- F9These restricted stock units vest on 1-19-2019 if certain performance measures are achieved by the Issuer.