HELIOS TECHNOLOGIES, INC. — Director's Dealing 2019

Feb 26, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SUN HYDRAULICS CORP (SNHY)
CIK: 0001024795
Period of Report: 2019-02-22

Reporting Person: Nealis Melanie M (Chief Legal & Compliance Offic)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-22	Performance-Based Restricted Stock Units	$0	A	4117	Acquired		Common Stock (4117)	Direct
2019-02-22	Restricted Stock Units	$0	A	4117	Acquired		Common Stock (4117)	Direct

Footnotes

F1: Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 150% of one share of Sun Hydraulics common stock (Common Stock). The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the first day of the Company's fiscal year ending December 28, 2019 and ending on the last day of the Company's fiscal year ending January 1, 2022.

F2: Unless earlier forfeited under the terms of the performance-based RSU, each performance-based RSU vests and converts into no more than 150% of one share of Common Stock after the determination of the achievement of the performance goals during the three-year performance period ending on the last day of the Company's fiscal year ending January 1, 2022.

F3: Each RSU represents the right to receive, following vesting, one share of Common Stock.

F4: Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each anniversary of the grant date.