Advanced Emissions Solutions, Inc. 4
4 · Advanced Emissions Solutions, Inc. · Filed Mar 3, 2016
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Performance Share Units
2016-03-01−9,504→ 15,426 total→ Common Stock (9,504 underlying) - Exercise/Conversion
Common Stock
2016-03-01+3,231→ 46,705 total
Footnotes (4)
- [F1]On March 1, 2016, the Compensation Committee of the Board of Directors of the issuer determined that of the 9,504 performance share units ("PSUs") awarded to the reporting person on May 14, 2013 (adjusted for the 2:1 stock dividend in March 2014) pursuant to the 2013 Long Term Incentive Plan under the issuer's Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"), 3,231 PSUs vested based on the achievement of specific performance criteria over a three year performance period ended December 31, 2015. Each vested PSU represents the right to receive one share of the issuer's common stock.
- [F2]Common stock was issued pursuant to the vesting terms of the PSUs, which were granted for services rendered to the Company by the reporting person.
- [F3]Of the amount shown, 16,532 shares are held in a qualified pension plan account of the reporting person and 4,180 shares are restricted stock (not fully vested and subject to certain repurchase rights or transfer restrictions under the 2007 Plan).
- [F4]The PSUs were granted for services rendered to the Company by the reporting person.