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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 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. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Units | $ 0 | 05/29/2013(4) | M | 2,710 (4) | (4) | (4) | Common Stock | 2,257 (4) | $ 0 | 5,422 (4) | D | ||||
Restricted Stock Units | $ 0 | 08/02/2013 | M | 2,710 | (5) | (5) | Common Stock | 2,710 | $ 0 | 5,422 | D | ||||
Performance Units | $ 0 | 08/01/2013 | A | 8,089 (6) | (6) | (6) | Common Stock | 8,089 (6) | $ 0 | 8,089 | D | ||||
Restricted Stock Units | $ 0 | 08/01/2013 | A | 8,089 | (7) | (7) | Common Stock | 8,089 | $ 0 | 8,089 | D | ||||
Stock Option (Right to Buy) | $ 5.20 | 05/04/2011(8) | 10/20/2020 | Common Stock | 7,101 | 7,101 | D | ||||||||
Stock Option (Right to Buy) | $ 9.82 | 05/04/2011(8) | 03/01/2021 | Common Stock | 23,744 | 23,744 | D | ||||||||
Stock Option (Right to Buy) | $ 12 | 05/04/2012(9) | 05/04/2021 | Common Stock | 5,000 | 5,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PETERSON JAY 100 THERMON DRIVE SAN MARCOS, TX 78666 |
CFO |
/s/ Jay Peterson by Sarah Alexander as attorney-in-fact | 08/06/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | Shares acquired on the vesting of performance units. |
(2) | Shares withheld for payment of tax liability. |
(3) | Shares acquired on the vesting of restricted stock units. |
(4) | On August 2, 2012, the reporting person was granted 8,132 performance units. Of the 2,710 Target shares eligible to be earned based on the Issuer's total shareholder return return for the performance period ended March 31, 2013, the reporting person actually earned 83.3%, or 2,257 shares. The Compensation Committee certified the achievement of the performance goal on May 29, 2013. The remaining 5,422 Target shares will be eligible to be earned in the performance periods ending March 31, 2014 and March 31, 2015. The actual number of shares that may vest depends on the Issuer's performance and ranges from 0% to 200% of Target. |
(5) | On August 2, 2012, the reporting person was granted 8,132 restricted stock units, which vest in equal annual installments on August 2, 2013, 2014 and 2015. |
(6) | On August 1, 2013, the reporting person was granted 8,089 performance units which will vest in annual installments on March 31, 2014, 2015 and 2016 only upon the Issuer's achievement of predetermined total shareholder return goals. The number of shares reflected on this filing represents the Target Award. The actual number of shares that may vest depends on the Issuer's actual performance relative to its peer group and ranges from 0% below Threshold performance, 50% at Threshold performance, 100% at Target performance and 200% at Maximum performance. |
(7) | On August 1, 2013, the reporting person was granted 8,089 restricted stock units which vest in equal annual installments on the first, second and third anniversaries of the grant date. |
(8) | Options vested and became fully exercisable in connection with the Issuer's initial public offering. |
(9) | Options vest in five equal annual installments beginning on May 4, 2012. |