AI assistant
SENSIENT TECHNOLOGIES CORP — Director's Dealing 2014
Sep 12, 2014
31054_dirs_2014-09-12_015170e7-38fd-48d6-bdc3-e13037fac996.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: SENSIENT TECHNOLOGIES CORP (SXT)
CIK: 0000310142
Period of Report: 2014-04-07
Reporting Person: Lteif Samir (Pres, Flavors & Fragrances Grp)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Stock Unit | $ | Common Stock (4000) | Direct |
Footnotes
F1: Includes shares of restricted stock held under Issuer's 2007 Stock Plan.
F2: 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.
F3: Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.