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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (4) | $ 20.1 | 04/08/2019 | M | 13,100 | 03/17/2016 | 03/17/2020 | Common Stock | 13,100 | $ 20.1 | 0 | D | ||||
Stock Option (4) | $ 15.61 | 04/08/2019 | M | 8,200 | 04/05/2017 | 04/05/2021 | Common Stock | 8,200 | $ 15.61 | 8,200 | D | ||||
Stock Option (4) | $ 29.2 | 04/08/2019 | M | 6,150 | 04/05/2018 | 04/05/2022 | Common Stock | 6,150 | $ 29.2 | 6,150 | D | ||||
Stock Option (4) | $ 35.05 | 04/05/2019 | 04/05/2023 | Common Stock | 7,880 | 7,880 | D | ||||||||
Restricted Stock Unit - 2016 | (5) | 04/05/2019 | A | 4,570 | (6) | (6) | Common Stock | 4,570 | $ 0 | 0 | D | ||||
Restricted Stock Unit - 2017 | (5) | (7) | (7) | Common Stock | 5,140 | 5,140 | D | ||||||||
Restricted Stock Unit - 2018 | (5) | (8) | (8) | Common Stock | 4,420 | 4,420 | D | ||||||||
Restricted Stock Unit - 2019 | (5) | 04/05/2019 | A | 5,768 | (9) | (9) | Common Stock | 5,768 | $ 0 | 5,768 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brazones Steven E P.O. BOX 5107 SIOUX FALLS, SD 57117 |
VP & CFO, Treasurer |
/s/ Steven E. Brazones | 04/09/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Grant of Time-Based Restricted Stock Units which vested on April 5, 2019 and includes 260 dividend equivalent shares earned on those shares. |
(2) | Shares forfeited to satisfy tax withholding requirements. |
(3) | Grant of 10,950 Performance-based shares which vested on April 5, 2019 and includes 625 dividend equivalent shares earned on those shares. |
(4) | Pursuant to Rule 16b-3(d). Right to buy. All options vest at the rate of 25% annually beginning on the date listed in Exercisable, column 6. |
(5) | Each Time-based Restricted Stock Unit is the economic equivalent of one share of RAVN Common Stock. |
(6) | The Time-Based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/16, provided that the Employee remains continuously employed by the Company through the vesting date. |
(7) | The Time-Based Restricted Stock Units shall become vested on the third anniversary of the effective date of 4/5/17, provided that the Employee remains continuously employed by the Company through the vesting date. |
(8) | The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/18, provided that the Employee remains continuously employed by the Company through the Vesting Date. |
(9) | The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/19, provided that the Employee remains continuously employed by the Company through the Vesting Date. |