UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Performance Stock Units | Â (1) | Â (1) | Common Stock | 62,894 | $ (1) | D | Â |
Restricted Stock Units | Â (2) | Â (2) | Common Stock | 31,446 | $ (2) | D | Â |
Stock Option (Right to Buy) | Â (3) | Â (3) | Common Stock | 61,274 | $ (3) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Casanello Diego Lopez 1450 CENTREPARK BLVD, SUITE 210 WEST PALM BEACH, FL 33401 |
 |  |  President - Ag Solutions |  |
/s/ Diego Lopez Casanello | 04/08/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock and will vest upon the achievements of certain performance levels based on the Issuer's (i) return on invested capital, as measured from January 1, 2016 to December 31, 2018, and (ii) annual compound total shareholder return, as measured from March 16, 2016 to March 15, 2019. The number of shares reported in column 3 may range from zero to a maximum number of 157,235 shares. |
(2) | Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock and will vest on March 15, 2019, subject to continuous service. |
(3) | 1/3 of the option shares will vest annually on March 16 over the next three years, subject to continuous service as of each such date. |