SEC Form 4 · accession 0001144204-17-011862
FIRST DEFIANCE FINANCIAL CORP · FDEF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R. Williams III
Officer — Executive Vice President
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 5:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000946647
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Feb 24, 2017 | M | 1,060 | $0.00 | A | 10,731 | D | |
| Common SharesF2 | Feb 24, 2017 | F | 317 | $49.22 | D | 10,414 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Feb 24, 2017 | M | 1,525 | D | — | — | Common Shares | 1,525 | 0 | D |
Explanation of responses
- F1Represents common shares earned in connection with the settlement of performance-based restricted stock units previously granted on March 21, 2014 pursuant a 2014 Long-Term Incentive Award Agreement under the First Defiance Financial Corp. 2010 Equity Incentive Plan.
- F2The ending balance differs from amounts previously reported because of shares acquired under a dividend reinvestment plan and an employee stock purchase plan.
- F3Each restricted stock unit represents a contingent right to receive one common share.
- F4The restricted stock units were awarded pursuant to a 2014 Long-Term Incentive Award Agreement under the First Defiance Financial Corp. 2010 Equity Incentive Plan on March 21, 2014 and represent a target amount of common shares to be earned by the reporting person upon the achievement of certain performance criteria during the 2014 to 2016 performance period, subject to the reporting person's continued employment. As of February 24, 2017, a percentage of the restricted stock units were awarded following certification of financial results by the issuer's compensation committee.