4//SEC Filing
DYNAMIC MATERIALS CORP 4
Accession 0001600781-16-000136
$BOOMCIK 0000034067operating
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 7:53 PM ET
Size
9.5 KB
Accession
0001600781-16-000136
Insider Transaction Report
Form 4
Nicol Jeff
SVP & Gen. Manager, Nobelclad
Transactions
- Award
Common Stock
2016-02-18+10,667→ 43,134 total
Footnotes (2)
- [F1]This stock award is subject to the lapse of restrictions, one-half of which are performance-based and one-half of which are time-based. The restrictions will lapse with respect to one-half of the shares in equal amounts on each of the first, second and third anniversaries of the grant date. In addition, on the date the Company's annual report on Form 10-K is filed after the second anniversary of the grant date, restrictions will lapse on up to all or a portion of the remaining one-half of the shares based on the following formula, which takes into account the Company's achievement of budgeted Adjusted EBITDA and the total return to the Company's shareholders in comparison to the total shareholder return of the Company's peer group of public companies:
- [F2]the number of shares equal to 25% of the total number of shares awarded multiplied by the percentage that is the sum of (a) the percentage obtained by dividing (i) the average actual Adjusted EBITDA of the Company of each of the two fiscal years ending immediately prior to the second anniversary, by (ii) the Company's budgeted Adjusted EBITDA for the fiscal year in which the stock award was granted; and (b) the amount (which may be negative) of (x) the total annual shareholder return (expressed as a percentage) for the Company's stock calculated by the average closing stock price during the month of January prior to the second anniversary compared with the average closing stock during the month of January prior to the first anniversary, less (y) the average total shareholder return calculated on a similar basis for the stock of the Company's peer group of companies (as approved by the Compensation Committee of the Company's Board of Directors) at the time of the stock award.
Issuer
DYNAMIC MATERIALS CORP
CIK 0000034067
Entity typeoperating
IncorporatedCO
Related Parties
1- filerCIK 0000034067
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 7:53 PM ET
- Size
- 9.5 KB