AI assistant
TETRA TECH INC — Director's Dealing 2017
Nov 22, 2017
30629_dirs_2017-11-22_7537b381-09c5-453f-9718-8b50604307dd.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TETRA TECH INC (TTEK)
CIK: 0000831641
Period of Report: 2017-11-21
Reporting Person: CHRISTENSEN CRAIG L (SVP, CIO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-11-21 | COMMON STOCK | A | 5298 | — | Acquired | 36503 | Direct |
| 2017-11-21 | COMMON STOCK | A | 5006 | — | Acquired | 41509 | Direct |
| 2017-11-21 | COMMON STOCK | F | 3873 | $50 | Disposed | 37636 | Direct |
| 2017-11-21 | COMMON STOCK | F | 249 | $50 | Disposed | 37387 | Direct |
Footnotes
F1: Each performance share unit ("PSU") represents the right to receive one share of Common Stock. The PSUs awarded cliff-vest after a 3-year performance period. The Performance Period was the Company's fiscal years 2015, 2016 and 2017. The number of PSUs earned by the Awardee was determined at the end of the Performance Period by measuring earnings per share ("EPS") growth, which was 35% year-over-year growth. Therefore, 200% of the 2,649 PSUs awarded on November 21, 2014 were earned and vested on November 21, 2017.
F2: Each performance share unit ("PSU") represents the right to receive one share of Common Stock. The PSUs awarded cliff-vest after a 3-year performance period. The Performance Period was the Company's fiscal years 2015, 2016 and 2017. The number of PSUs earned by the Awardee for the Performance Period was determined at the end of the Performance Period by measuring relative total shareholder return ("TSR"), with equal weight given to the selected industry peer group and to the S&P 1000. The TSR peer group performance percentile was 89%, and the TSR S&P 1000 performance percentile was 82%. Straight line interpolation determined the vesting credit percentage. Therefore, 189% of the 2,649 PSUs awarded on November 21, 2014 were earned and vested on November 21, 2017.
F3: 3,873 of the shares underlying PSUs which vested on 11/21/2017 were withheld to pay the related tax liability.
F4: 249 of the shares underlying restricted stock which vested on 11/21/2017 were withheld to pay the related tax liability.