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 |
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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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Performance Stock Units | Â (1) | Â (1) | Common Stock | 19,988 | $ (1) | D | Â |
Restricted Stock Units | Â (2) | Â (2) | Common Stock | 9,845 | $ (2) | D | Â |
Restricted Stock Units II | Â (3) | Â (3) | Common Stock | 23,866 | $ (3) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Connolly John P. 1450 CENTREPARK BLVD, SUITE 210 WEST PALM BEACH, FL 33401 |
 |  |  VP, Corp. Controller and CAO |  |
/s/ John P. Connolly | 09/13/2016 | |
**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) | Effective September 13, 2016, the reporting person received a target number of 19,988 performance stock units ("PSU"). Each PSU 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 August 22, 2016 to March 15, 2019. The number of shares reported in column 3 may range from zero to a maximum number of 49,970 shares. |
(2) | Effective September 13, 2016, the reporting person received 9,845 restricted stock units ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's common stock and will vest on August 22, 2019, subject to continuous service. |
(3) | Effective September 13, 2016, the reporting person received 23,866 additional RSUs, of which 17,900 will vest on March 31, 2017 and 5,966 will vest on March 31, 2018, in each case subject to continuous service. Each RSU represents a contingent right to receive one share of the Issuer's common stock. |