Renewable Energy Group, Inc. 4
4 · Renewable Energy Group, Inc. · Filed Mar 30, 2016
Insider Transaction Report
Form 4
Elsenbast David
VP, Supply Chain Management
Transactions
- Award
Common Stock
2016-03-28+7,520→ 75,530 total - Award
Stock Appreciation Right
2016-03-28+10,203→ 10,203 totalExercise: $9.06→ Common Stock (10,203 underlying) - Award
Performance Rights
2016-03-28+7,404→ 7,404 totalExp: 2019-03-28→ Common Stock (7,404 underlying)
Footnotes (3)
- [F1]Represents award of restricted stock units ("RSUs") that will vest in full on 3/28/2020, subject to continued service as an employee of Renewable Energy Group, Inc. (the "Company"). RSUs may be settled only for shares of common stock on a one-for-one basis.
- [F2]The Stock Appreciation Rights ("SARs") will vest with respect to 25% of the shares of common stock subject thereto on each of the four anniversaries following 3/28/2016, subject to continued service as an employee of the Company. The SARs shall cease to be exercisable (and if not previously exercised, shall terminate without the payment of any consideration therefore) on the earliest of (i) 3/28/2026, (ii) one year following the termination of employment with the Company by reason of death or disability, (iii) 90 days following any other termination of employment with the Company other than for cause and (iv) immediately prior to the termination of employment with the Company for cause.
- [F3]Each performance right represents a contingent right to receive one share of REGI common stock, subject to continued employment and other conditions. Half of the Performance Based RSUs will vest upon REGI's common stock price equal to or exceeding a market price of $11.74 per share during the applicable performance period, based on the volume-weighted average stock price during any 20 consecutive trading days. The other 50% of the Performance Based RSUs will vest upon REGI's common stock price equal to or exceeding a market price of $13.50 per share during the applicable performance period, based on the volume-weighted average stock price during any 20 consecutive trading days.