SEC Form 4 · accession 0000097216-17-000073
TEREX CORP · TEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Ellis
Other
Period of report
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 4:53 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, $.01 par valueF1 | Mar 2, 2017 | A | 12,575 | $0.00 | A | 120,201 | D | |
| Common Stock, $.01 par valueF2 | Mar 2, 2017 | A | 6,287 | $0.00 | A | 126,488 | D | |
| Common Stock, $.01 par valueF3 | Mar 2, 2017 | A | 6,287 | $0.00 | A | 132,775 | D | |
| Common Stock, $.01 par valueF4 | Mar 3, 2017 | F | 3,408 | $31.81 | D | 129,367 | D | |
| Common Stock, $.01 par value | holding | — | — | — | 23,642 | I | By Wife | |
| Common Stock, $.01 par value | holding | — | — | — | 3,191 | I | 401(k) plan | |
| Common Stock, $.01 par value | holding | — | — | — | 2,389 | I | 401(k) plan by Wife |
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 2, 2018; 1/3 on March 2, 2019 and 1/3 on March 2, 2020.
- F2Shares granted pursuant to one of the Company's long-term incentive plans with the award scheduled to vest in the first quarter of 2020 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, 2017 - December 31, 2019. 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 2020 if the Company achieves a targeted return on invested capital ("ROIC") in each of 2017, 2018 and 2019. The number of shares in this grant are subject to adjustment, up or down, based upon attainment above or below the targeted ROIC.
- F4Shares are being withheld for payment of the tax liability associated with the scheduled vesting of previously granted restricted stock awards.