4//SEC Filing
CHEMICAL FINANCIAL CORP 4
Accession 0000905729-15-000098
CIK 0000019612operating
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 3:26 PM ET
Size
20.8 KB
Accession
0000905729-15-000098
Insider Transaction Report
Form 4
Kessler John E
Other
Transactions
- Exercise/Conversion
Common Stock
2015-02-27+1,832→ 6,952 total - Exercise/Conversion
Restricted Stock Units
2015-02-27−1,665→ 0 total→ Common Stock (1,655 underlying) - Award
Stock Options
2015-02-27+5,469→ 5,469 totalExercise: $30.18Exp: 2025-02-28→ Common Stock (5,469 underlying) - Award
Restricted Stock Units
2015-02-27+1,692→ 1,692 total→ Common Stock (1,692 underlying) - Award
Restricted Stock Units
2015-02-27+761→ 761 total→ Common Stock (761 underlying) - Tax Payment
Common Stock
2015-02-27$30.18/sh−571$17,233→ 6,381 total
Holdings
- 1,499.173(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]Restricted stock units converted into shares of common stock upon the attainment by the Company of certain financial performance criteria upon completion of the year ended December 31, 2014 and the reporting person's satisfaction of the service requirement as of February 27, 2015. Restricted stock units were converted to shares of common stock on a 1.0-for-1.1 basis, as performance targets were achieved above the targeted level.
- [F2]Shares withheld to satisfy applicable withholding taxes in connection with conversion of restricted stock units.
- [F3]Vests in five equal annual installments beginning on February 27, 2016.
- [F4]Award of restricted stock performance units pursuant to the Chemical Financial Corporation Stock Incentive Plan of 2012. Restricted stock units under this award are convertible into shares of common stock based on the attainment by the Company of certain financial performance criteria in the year ending December 31, 2017 and the reporting person's satisfaction of the service requirement in February 2018. Restricted stock units under this award are reported assuming shares of common stock will be issuable on a 1-for-1 basis, but restricted stock units may be convertible on a basis ranging from 0.5-for-1 to 1.5-for-1 depending on the actual performance of the Company.
- [F5]Award of restricted stock service-based units convertible into shares of common stock on a 1-for-1 basis at the end of a 5-year vesting period. Dividend equivalents will accrue under this award.
Issuer
CHEMICAL FINANCIAL CORP
CIK 0000019612
Entity typeoperating
IncorporatedMI
Related Parties
1- filerCIK 0000019612
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 3:26 PM ET
- Size
- 20.8 KB