SEC Form 4 · accession 0000097216-16-000282
TEREX CORP · TEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L Garrison Jr.
Officer — CEO AND PRESIDENT
Period of report
Mar 3, 2016
Accepted (ET)
Mar 7, 2016 · 5:55 pm EST
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, par value $.01F1 | Mar 3, 2016 | A | 76,186 | $0.00 | A | 226,952 | D | |
| Common Stock, par value $.01F2 | Mar 3, 2016 | A | 141,489 | $0.00 | A | 368,441 | D |
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 3, 2017; 1/3 on March 3, 2018 and 1/3 on March 3, 2019.
- F2Shares granted pursuant to one of the Company's long-term incentive plans with the award scheduled to vest in the first quarter of 2019 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, 2016 - December 31, 2018. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted percentile rank.