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COMPASS MINERALS INTERNATIONAL INC — Director's Dealing 2013
Nov 5, 2013
32403_dirs_2013-11-05_6b845f3c-cd69-4117-800e-6c8a83dc6703.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMPASS MINERALS INTERNATIONAL INC (CMP)
CIK: 0001227654
Period of Report: 2013-11-01
Reporting Person: Miller Robert Dana (Senior Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-11-01 | Restricted Stock Unit | $0 | A | 2659 | Acquired | 2016-11-01 | Common Stock (2659) | Direct |
| 2013-11-01 | Restricted Stock Unit | $0 | A | 1995 | Acquired | 2018-03-12 | Common Stock (1995) | Direct |
| 2013-11-01 | Stock Option(Right to Buy) | $75.21 | A | 10556 | Acquired | 2020-11-01 | Common Stock (10556) | Direct |
| 2013-11-01 | Performance Stock Unit | $0 | A | 3761 | Acquired | 2018-03-12 | Common Stock (3761) | Direct |
Footnotes
F1: Restricted Stock Units granted: 3 year cliff vest on 11-1-2016, provided performance threshold satisfied.
F2: Restricted Stock Units granted: cliff vest on 3-12-18, provided performance threshold satisfied.
F3: Stock options granted: vesting 25% after year one and then 25% per year thereafter.
F4: All Performance Stock Units have a conversion price of $0.00.
F5: Performance Stock Units are divided into three approximately equal tranches, each having a performance period of one year. PSUs vest based on achievement of total shareholder return ("TSR") performance goals for each tranche. Payout for vested PSUs ranges from 0% to 150% based on the Company's TSR percentile compared to the TSR of the companies comprising a market index. TSR is measured generally as the increase or decrease in the market value of Company common stock including the reinvestment of dividends. If a participant terminates employment prior to the vest date, the PSUs will be forfeited except in the case of death or disability. Dividend equivalents are paid on PSUs earned in a year, subject to restrictions. PSUs have no voting rights.
F6: The grant amount of 3,761 PSUs assumes 100% vesting. Since payout for PSUs can range from 0% to 150%, the maximum number of shares that could vest and be distributed is 5,642.