LUDWIG DAVID F 4
4 · BALCHEM CORP · Filed Feb 15, 2019
Insider Transaction Report
Form 4
BALCHEM CORPBCPC
LUDWIG DAVID F
VP/Gen Mgr/ARC Spec Prods
Transactions
- Tax Payment
Common Stock
2019-02-13$84.09/sh−797$67,020→ 20,549 total - Award
Stock Option
2019-02-13+4,000→ 77,081 totalExercise: $84.09Exp: 2029-02-13→ Common Stock (4,000 underlying) - Award
Common Stock
2019-02-13+1,503→ 21,343 total - Award
Common Stock
2019-02-13+860→ 19,840 total
Footnotes (4)
- [F1]Ownership of the restricted stock does not vest in Reporting person until three 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 22, 2016 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]785 of the 1,480 shares that vested February 13, 2019 were withheld to cover withholding taxes due upon vesting.
- [F4]Options vest 20% year 1; 40% year 2; and 40% year 3.