FIRST DEFIANCE FINANCIAL CORP 4
4 · FIRST DEFIANCE FINANCIAL CORP · Filed Feb 28, 2017
Insider Transaction Report
Form 4
MULFORD MICHAEL D.
Executive Vice President
Transactions
- Tax Payment
Common Shares
2017-02-24$49.22/sh−323$15,898→ 4,299 total - Exercise/Conversion
Restricted Stock Units
2017-02-24−1,619→ 0 total→ Common Shares (1,619 underlying) - Exercise/Conversion
Common Shares
2017-02-24+1,119→ 4,622 total
Footnotes (4)
- [F1]Represents common shares earned in connection with the settlement of performance-based restricted stock units previously granted on March 21, 2014 pursuant a 2014 Long-Term Incentive Award Agreement under the First Defiance Financial Corp. 2010 Equity Incentive Plan.
- [F2]The ending balance differs from amounts previously reported because of shares acquired under an employee stock purchase plan.
- [F3]Each restricted stock unit represents a contingent right to receive one common share.
- [F4]The restricted stock units were awarded pursuant to a 2014 Long-Term Incentive Award Agreement under the First Defiance Financial Corp. 2010 Equity Incentive Plan on March 21, 2014 and represent a target amount of common shares to be earned by the reporting person upon the achievement of certain performance criteria during the 2014 to 2016 performance period, subject to the reporting person's continued employment. As of February 24, 2017, a percentage of the restricted stock units were awarded following certification of financial results by the issuer's compensation committee.