SCHULTZ PHILIP C. 4
4 · 3D SYSTEMS CORP · Filed Feb 20, 2020
Insider Transaction Report
Form 4
SCHULTZ PHILIP C.
EVP, Operations
Transactions
- Tax Payment
Common Stock
2020-02-18$12.13/sh−3,306$40,102→ 123,989 total - Award
Common Stock
2020-02-18+33,636→ 157,625 total - Award
Stock Appreciation Right
2020-02-18+50,000→ 50,000 totalExercise: $15.75Exp: 2026-09-06→ Common Stock (50,000 underlying) - Award
Stock Appreciation Right
2020-02-18+50,000→ 100,000 totalExercise: $15.75Exp: 2026-09-06→ Common Stock (50,000 underlying)
Footnotes (5)
- [F1]Shares reported were withheld to satisfy tax withholding obligations with respect to the vesting of a grant of restricted stock originally made on February 15, 2019.
- [F2]The Reporting Person has been awarded 33,636 shares of restricted stock under the Issuer's 2015 Incentive Plan. One-third of the total shares awarded vest on February 15, 2021, an additional one-third of the total shares awarded vest on February 15, 2022, and the remaining shares awarded vest on February 15, 2023.
- [F3]The Stock Appreciation Right ("SAR") is granted to operate in tandem with the performance-based stock options granted on September 6, 2016. The exercise of one results in the expiration of the other.
- [F4]The Reporting Person has been awarded 50,000 SARs under the Issuer's 2015 Incentive Plan. These SARs have an exercise price equal to the closing price of the common stock on September 6, 2016 and are exercisable, if at all, on the later of the grant date and the date that the closing price of a share of the common stock on each of the trading days during the immediately prior ninety consecutive calendar days is at least $30.
- [F5]The Reporting Person has been awarded 50,000 SARs under the Issuer's 2015 Incentive Plan. These SARs have an exercise price equal to the closing price of the common stock on September 6, 2016 and are exercisable, if at all, on the later of the grant date and the date that the closing price of a share of the common stock on each of the trading days during the immediately prior ninety consecutive calendar days is at least $40.