SEC Form 4 · accession 0000097216-15-000058
TEREX CORP · TEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark I Clair
Officer — VP Controller & CAO
Period of report
Mar 5, 2015
Accepted (ET)
Mar 9, 2015 · 6:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000097216
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par valueF1 | Mar 5, 2015 | A | 7,116 | $0.00 | A | 55,565 | D | |
| Common Stock, $.01 par valueF2 | Mar 5, 2015 | A | 3,558 | $0.00 | A | 59,123 | D | |
| Common Stock, $.01 par valueF3 | Mar 5, 2015 | A | 3,558 | $0.00 | A | 62,681 | D | |
| Common Stock, $.01 par value | holding | — | — | — | 906 | I | 401(k) plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares granted pursuant to one of the Company's long-term incentive plans with the award vesting as follows: 1/3 on March 5, 2016; 1/3 on March 5, 2017 and 1/3 on March 5, 2018.
- F2Shares granted pursuant to one of the Company's long-term incentive plans with the award scheduled to vest in the first quarter of 2018 if the Company achieves a targeted percentile rank against a peer group of companies for three year annualized total shareholder return ("TSR") for the period January 1, 2015 - December 31, 2017. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.
- F3Shares granted pursuant to one of the Company's long-term incentive plans with the award scheduled to vest in the first quarter of 2018 if the Company achieves a targeted return on invested capital ("ROIC") in each of 2015, 2016 and 2017. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.