SEC Form 4 · accession 0000920112-18-000019
HEARTLAND FINANCIAL USA INC · HTLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank E Walter
Officer — EVP Commercial Banking
Period of report
Jan 18, 2018
Accepted (ET)
Jan 22, 2018 · 11:49 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 StockF2,F1 | Jan 18, 2018 | A | 524 | $47.70 | A | 16,626 | D | |
| Common Stock | Jan 18, 2018 | M | 606 | $54.85 | A | 17,232 | D | |
| Common StockF1 | holding | — | — | — | 16,102 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Performance Based Restricted StockF3,F12 | — | Jan 18, 2018 | F | 928 | D | — | — | Common Stock | 0 | — | D |
| 2017 Time-Based Restricted StockF3,F4 | — | holding | — | — | — | — | — | Common Stock | 775 | — | D |
| 2017 Performance Based Restricted Stock (3-year performance)F3,F5 | — | holding | — | — | — | — | — | Common Stock | 387 | — | D |
| 2017 Performance Based Restricted Stock (1-year performance)F3,F6,F7 | — | holding | — | — | — | — | — | Common Stock | 473 | — | D |
| 2016 Time-Based Restricted StockF3,F8 | — | holding | — | — | — | — | — | Common Stock | 723 | — | D |
| 2016 Performance Based Restricted Stock (3-year performance)F3,F9 | — | holding | — | — | — | — | — | Common Stock | 575 | — | D |
| 2016 Performance Based Restricted Stock (1-year performance)F3,F10 | — | holding | — | — | — | — | — | Common Stock | 1,207 | — | D |
| 2015 Time-Based Restricted StockF3,F11 | — | holding | — | — | — | — | — | Common Stock | 1,325 | — | D |
| 2015 Performance Based Restricted StockF3,F12 | — | holding | — | — | — | — | — | Common Stock | 928 | — | D |
| 2014 Time-Based Restricted StockF3,F13 | — | holding | — | — | — | — | — | Common Stock | 883 | 0 | D |
| 2013 Time-Based Restricted StockF3,F14 | — | holding | — | — | — | — | — | Common Stock | 490 | — | D |
Explanation of responses
- F1Of these shares 9,558 shares are held in Jt. Ten.
- F10These restricted stock units vest on 1-19-2019 if certain performance measures are achieved by the Issuer.
- F11Of 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.
- F12These restricted stock units vest on 1-18-2018 if certain performance measures are achieved by the Issuer.
- F13Of 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.
- F14Of 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.
- F2Includes shares purchased through the Employee Stock Purchase Plan.
- F3Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4Of these restricted stock units, 1/3 vest in 01-2018, 1/3 vest in 01-2019 and 1/3 vest in 01-2020.
- F5These restricted stock units vest in 2020 if certain performance measures are achieved by the Issuer.
- F6These restricted stock units vest on 1-19-2020 if certain performance measures are achieved by the Issuer.
- F7Reflects the forfeiture of 302 Performance Based Restricted Stock Units granted but not earned in 2017.
- F8Of 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.
- F9These restricted stock units vest in 2019 if certain performance measures are achieved by the Issuer.