Magnuson Lee A 4
4 · RAVEN INDUSTRIES INC · Filed Dec 1, 2021
Insider Transaction Report
Form 4
Magnuson Lee A
General Counsel and VP
Transactions
- Disposition to Issuer
Stock Option
2021-11-30−2,030→ 0 totalExercise: $35.05From: 2019-04-05Exp: 2023-04-05→ Common Stock (2,030 underlying) - Disposition to Issuer
Restricted Stock Units - 2019
2021-11-30−1,052→ 0 total→ Common Stock (1,052 underlying) - Disposition to Issuer
Restricted Stock Units - 2020
2021-11-30−2,309→ 0 total→ Common Stock (2,309 underlying) - Disposition to Issuer
Common Stock
2021-11-30−3,004→ 0 total - Disposition to Issuer
Restricted Stock Units - 2021
2021-11-30−1,299→ 0 total→ Common Stock (1,299 underlying) - Disposition to Issuer
Restricted Stock Units - 2019
2021-11-30−2,104→ 0 total→ Common Stock (2,104 underlying) - Disposition to Issuer
Common Stock
2021-11-30−28→ 0 total(indirect: By Spouse) - Disposition to Issuer
Restricted Stock Units - 2021
2021-11-30−2,598→ 0 total→ Common Stock (2,598 underlying) - Disposition to Issuer
Restricted Stock Units - 2020
2021-11-30−3,759→ 0 total→ Common Stock (3,759 underlying)
Footnotes (14)
- [F1]Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger (the "Merger"), dated as of June 20, 2021, by and among Raven Industries, Inc. ("Raven"), CNH Industrial N.V. and CNH Industrial South Dakota, Inc., as it may be amended from time to time (the "Merger Agreement"). The shares of Raven Common Stock were converted in the Merger into the right to receive $58.00 in cash per share of Common Stock.
- [F10]The Time-based Restricted Stock Units become vested on the third anniversary of the effective date (April 6, 2020), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
- [F11]The Time-based Restricted Stock Units become vested on the third anniversary of the effective date (April 5, 2021), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
- [F12]Subject to the achievement of certain performance conditions, Performance-based Restricted Stock Units become vested on the third anniversary of the effective date (April 5, 2019), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
- [F13]Subject to the achievement of certain performance conditions, Performance-based Restricted Stock Units become vested on the third anniversary of the effective date (April 6, 2020), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
- [F14]Subject to the achievement of certain performance conditions, Performance-based Restricted Stock Units become vested on the third anniversary of the effective date (April 5, 2021), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
- [F2]Each Time-Based Restricted Stock Unit is the economic equivalent of one share of Raven Common Stock.
- [F3]Each Performance-Based Restricted Stock Unit is the economic equivalent of one share of Raven Common Stock.
- [F4]Includes 27 dividend equivalent units.
- [F5]Includes 28 dividend equivalent units.
- [F6]The target number of shares of Raven Common Stock was 1,025. Includes 27 dividend equivalent units.
- [F7]The target number of shares of Raven Common Stock was 2,281. Includes 28 dividend equivalent units.
- [F8]The target number of shares of Raven Common Stock was 1,299.
- [F9]The Time-based Restricted Stock Units become vested on the third anniversary of the effective date (April 5, 2019), provided that the Reporting Person remains continuously employed by Raven through such vesting date.