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CHEMED CORP — Director's Dealing 2017
Feb 21, 2017
30858_dirs_2017-02-21_dee9cc22-0107-48f5-8412-75151fc24400.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2017-02-17
Reporting Person: TUCKER ARTHUR V JR (vice president & controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-17 | capital stock | M | 854 | $172.60 | Acquired | 4088 | Direct |
| 2017-02-17 | capital stock | M | 1088 | $172.60 | Acquired | 5176 | Direct |
| 2017-02-17 | capital stock | F | 639 | $172.60 | Disposed | 4537 | Direct |
| 2017-02-17 | capital stock | F | 471 | $172.60 | Disposed | 4066 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-17 | performance stock units | $ | M | 724 | Disposed | capital stock (724) | Direct | |
| 2017-02-17 | performance stock units | $ | M | 532 | Disposed | capital stock (532) | Direct |
Footnotes
F1: The number of performance share units ("PSU's") that vested was based on the Company's achieving adjusted earnings per share growth rate for the period January 1, 2014 through December 31, 2016. The actual performance of 8.23% yielded an award of 115.4% of target; including the reinvestment of dividends paid during such period, the award is 118.0% of target.
F2: The number of PSU's that vested was based on the Company's achieving relative total shareholder returns for the period January 1, 2014 through December 31, 2016, compared to a defined peer group of companies. The Company's performance ranked in the 91st percentile of that group, yielding an award of 200%; including the reinvestment of dividends paid during such period, the award is 204.6% of target.
F3: Shares withheld to satisfy tax obligations in connection with vesting of PSU's.
F4: stock award tax obligation
F5: Each PSU reflects the contingent right to receive a variable number of shares of capital stock based on achieving performance goals. PSU's were settled in shares on their scheduled vesting date as determined by the Compensation Committee.
F6: PSU's awarded November 7, 2014 vest based on achievement of performance targets over a period of January 1, 2014 to December 31, 2016. The determination of the performance level was to be made by March 15, 2017.