CHEMICAL FINANCIAL CORP 4

4 · CHEMICAL FINANCIAL CORP · Filed Feb 23, 2017

Form 4

Period: 2017-02-21

DirectorChairman, CEO & President

Transactions

Award
Restricted Stock Performance Units
2017-02-21+9,770→ 9,770 total
→ Common Stock (9,770 underlying)
Award
Restricted Stock Service-Based Units
2017-02-21+1,515→ 1,515 total
→ Common Stock (1,515 underlying)
Award
Stock Options
2017-02-21+24,299→ 24,299 total
Exercise: $53.72Exp: 2027-02-22→ Common Stock (24,299 underlying)

Footnotes (3)

[F1]Vests in five equal annual installments beginning on February 21, 2018.
[F2]Award of restricted stock performance units pursuant to the Chemical Financial Corporation Stock Incentive Plan of 2015. 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, 2019 and the reporting person's satisfaction of the service requirement in February 2020. 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.
[F3]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.

Documents

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