SENSIENT TECHNOLOGIES CORP 4
4 · SENSIENT TECHNOLOGIES CORP · Filed Feb 8, 2016
Insider Transaction Report
Form 4
HAMMOND JOHN L
Senior VP, Gen Counsel & Secy
Transactions
- Tax Payment
Common Stock
2016-02-04$57.38/sh−2,542$145,860→ 58,111 total - Exercise/Conversion
Common Stock
2016-02-04+5,085→ 60,653 total - Exercise/Conversion
Performance Stock Unit
2016-02-04−5,085→ 0 total→ Common Stock (11,300 underlying)
Holdings
- 17,000
Performance Stock Unit
→ Common Stock (17,000 underlying) - 18,500
Performance Stock Unit
→ Common Stock (18,500 underlying)
Footnotes (6)
- [F1]Represents vesting of performance stock units at 45% of the target award amount and conversion to shares of Issuer's Common Stock.
- [F2]Shares were withheld to cover tax withholding in connection with the vesting of performance stock units.
- [F3]Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- [F4]Performance stock units vested on an accelerated basis due to the reporting person's retirement eligibility and at 45% of the target award amount upon the Issuer's achievement of certain performance criteria based on EBIT growth and return on invested capital during a two year performance period.
- [F5]Represents grant of performance stock units under Issuer's 2007 Stock Plan. The award is eligible to vest following a three year performance period (from January 1, 2016 through December 31, 2018) as follows: (1) 70% of the award is eligible to vest upon achievement of certain performance criteria based on EBIT growth, and (2) 30% of the award is eligible to vest upon achievement of certain performance criteria based on return on invested capital. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the actual number of shares earned will be determined and vest following the three year performance period. The number of shares reflected is at the target award amount. No performance stock units will vest below a minimum level of performance. At or above the minimum level of performance, the actual number of shares earned may range from 0% to 150% of the target award amount.
- [F6]Represents grant of performance stock units under Issuer's 2007 Stock Plan. The award is eligible to vest following a three year performance period (from January 1, 2015 through December 31, 2017) as follows: (1) 70% of the award is eligible to vest upon achievement of certain performance criteria based on EBIT growth, and (2) 30% of the award is eligible to vest upon achievement of certain performance criteria based on return on invested capital. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the actual number of shares earned will be determined and vest following the three year performance period. The number of shares reflected is at the target award amount. No performance stock units will vest below a minimum level of performance. At or above the minimum level of performance, the actual number of shares earned may range from 0% to 150% of the target award amount.