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SENSIENT TECHNOLOGIES CORP — Director's Dealing 2013
Dec 9, 2013
31054_dirs_2013-12-09_1d735433-3755-4416-89dd-e2e848eff9e1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SENSIENT TECHNOLOGIES CORP (SXT)
CIK: 0000310142
Period of Report: 2013-12-05
Reporting Person: MANNING KENNETH P (Director, Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-08-01 | Common Stock | G | 120 | — | Disposed | 253880 | Direct |
| 2013-12-05 | Common Stock | A | 33500 | — | Acquired | 287380 | Direct |
| 2013-12-06 | Common Stock | S | 16750 | $48.9671 | Disposed | 270630 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-12-05 | Performance Stock Unit | $ | A | 33500 | Acquired | Common Stock (33500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2000 | Indirect |
Footnotes
F1: Aggregate of multiple gifts made on same day.
F2: Represents grant of restricted stock under Issuer's 2007 Stock Plan.
F3: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4: This amount represents the weighted average sale price for the transactions reported on this line. The actual sale prices ranged from $48.80 to $49.275. The reporting person hereby agrees to provide, upon request by the SEC staff, by the Issuer, or by any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5: Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F6: Represents grant of performance stock units under Issuer's 2007 Stock Plan. The award is eligible to vest following a two year performance period (from January 1, 2014 through December 31, 2015) as follows: (1) 70% of the award is eligible to vest upon achievement of certain performance criteria based on EBIT growth, and (2) 30% of the award is eligible to vest upon achievement of certain performance criteria based on return on invested capital. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the actual number of shares earned will be determined following the two year performance period and will vest on the third anniversary of the original grant date. The number of shares reflected is at the target award amount. No performance stock units will vest below a minimum level of performance. At or above the minimum level of performance, the actual number of shares earned may range from 50% to 150% of the target award amount.