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DMC Global Inc. — Director's Dealing 2017
Feb 25, 2017
33808_dirs_2017-02-24_3a191018-3167-4f9f-be7e-8860605f3f62.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DMC Global Inc. (BOOM)
CIK: 0000034067
Period of Report: 2017-02-22
Reporting Person: Grieves Ian (General Mgr of DYNAenergetics)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-22 | Restricted Stock Units | $ | A | 6000 | Acquired | Common Stock (6000) | Direct | |
| 2017-02-22 | Restricted Stock Units | $ | A | 25000 | Acquired | Common Stock (25000) | Direct | |
| 2017-02-22 | Performance Share Units | $ | A | 3000 | Acquired | Common Stock (3000) | Direct |
Footnotes
F1: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock.
F2: One-third of these RSUs will vest on each of the first, second and third anniversaries of the grant date.
F3: One-third of these RSUs will vest on each of the third, fourth and fifth anniversaries of the grant date.
F4: Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.
F5: The number of PSUs that will vest and the number of shares of Issuer's common stock that will be awarded, if any, is contingent on the Issuer's average Adjusted EBITDA as compared to target Adjusted EBITDA and the Issuer's total shareholder return ("TSR") relative to the TSR of identified peer companies achieved over the three year period from 2017 through 2019, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded. This PSU award will cliff vest, if at all, after the performance period ending December 31, 2019.