LUDWIG DAVID F 4
4 · BALCHEM CORP · Filed Feb 20, 2018
Insider Transaction Report
Form 4
BALCHEM CORPBCPC
LUDWIG DAVID F
VP/Gen Mgr/ARC Spec Prods
Transactions
- Award
Common Stock
2018-02-15+930→ 31,486 total - Award
Common Stock
2018-02-15+2,719→ 34,205 total - Tax Payment
Common Stock
2018-02-15$74.57/sh−1,381$102,981→ 32,824 total - Award
Stock Option
2018-02-15+3,720→ 3,720 totalExercise: $74.57Exp: 2028-02-15→ Common Stock (3,720 underlying)
Footnotes (4)
- [F1]Ownership of the restricted stock does not vest in Reporting person until four years from the grant date and is further subject to restrictions on transfer in accordance with the provisions of a Restricted Stock Grant Agreement between the Issuer and the Reporting Person.
- [F2]Acquired upon the settlement of performance shares granted on February 19, 2018 based upon a predetermined EBITDA performance target and total shareholder return against the Russell 2000 Index over a three-year period under the Company's Second Amended and Restated 1999 Stock Plan (as amended and restated effective June 20, 2013) as a result of the satisfaction of those performance criteria.
- [F3]1,381 of the 2,698 shares that vested February 15, 2018 were withheld to cover withholding taxes due upon vesting.
- [F4]Options vest 20% year 1; 40% year 2; and 40% year 3.