CHEMICAL FINANCIAL CORP 4

4 · CHEMICAL FINANCIAL CORP · Filed Feb 18, 2016

Form 4

Period: 2016-02-16

Other

Transactions

Award
Stock Options
2016-02-16+10,200→ 10,200 total
Exercise: $32.81Exp: 2026-02-17→ Common Stock (10,200 underlying)
Award
Restricted Stock Performance Units
2016-02-16+4,286→ 4,286 total
→ Common Stock (4,286 underlying)
Award
Restricted Stock Service-Based Units
2016-02-16+637→ 637 total
→ Common Stock (637 underlying)

Footnotes (3)

[F1]Vests in five equal annual installments beginning on February 16, 2017.
[F2]Award of restricted stock performance units pursuant to the Chemical Financial Corporation Stock Incentive Plan of 2015. Restricted stock units under this award are convertible into shares of common stock based on the attainment by the Company of certain financial performance criteria in the year ending December 31, 2018 and the reporting person's satisfaction of the service requirement in February 2019. Restricted stock units under this award are reported assuming shares of common stock will be issuable on a 1-for-1 basis, but restricted stock units may be convertible on a basis ranging from 0.5-for-1 to 1.5-for-1 depending on the actual performance of the Company.
[F3]Award of restricted stock service-based units convertible into shares of common stock on a 1-for-1 basis at the end of a 5-year vesting period. Dividend equivalents will accrue under this award.

Documents

2 files