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DMC Global Inc. — Director's Dealing 2020
Feb 28, 2020
33808_dirs_2020-02-28_6a7ec513-fb8e-4815-a067-c134ebff63b6.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: 2020-02-26
Reporting Person: LONGE KEVIN T (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-02-26 | Common Stock | A | 26483 | — | Acquired | 44152 | Direct |
| 2020-02-26 | Common Stock | F | 1702 | $37.76 | Disposed | 42450 | Direct |
| 2020-02-27 | Common Stock | M | 200 | — | Acquired | 42650 | Direct |
| 2020-02-27 | Common Stock | F | 200 | $36.90 | Disposed | 42450 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-26 | Performance Share Units | $ | A | 26483 | Acquired | Common Stock (26483.0) | Direct | |
| 2020-02-27 | Deferred Stock | $ | M | 200 | Disposed | Common Stock (200.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 50 | Indirect |
Footnotes
F1: This stock award is subject to the lapse of time-based restrictions. The restrictions will lapse with respect to one-third of the shares in equal amounts on each of the first, second and third anniversaries of the grant date.
F2: Represents withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
F3: The reporting person disclaims beneficial ownership of these shares owned by his spouse.
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 2020 through 2022, 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, 2022.
F6: Each vested share of Deferred Stock represents the right to receive one share of the Issuer's common stock.
F7: 20,000 shares of Deferred Stock were granted on February 27, 2018, and vest in equal amounts over 3 years on the grant date anniversary.
F8: The Deferred Stock will be delivered to the reporting person in a lump sum upon separation from service. The reporting person may transfer the Deferred Stock into an alternative investment six months and one day following vesting of the Deferred Stock.