RENTECH, INC. 4
4 · RENTECH, INC. · Filed Dec 31, 2014
Insider Transaction Report
Form 4
FORMAN KEITH B
DirectorPresident, CEO
Transactions
- Award
Performance Stock Units
2014-12-30+1,008,265→ 1,008,265 totalExp: 2018-12-09→ Common Stock (1,008,265 underlying) - Award
Option for Common Stock
2014-12-30+1,102,491→ 1,102,491 totalExercise: $1.24Exp: 2018-12-09→ Common Stock (1,102,491 underlying)
Holdings
- 0
Common Stock
Footnotes (2)
- [F1]The reporting person is entitled to earn a number of performance stock units ("PSUs") based on the issuer's total shareholder return ("TSR") as measured initially on the third anniversary of December 9, 2014 (the "Vesting Start Date"). The number of PSUs set forth in the table represents the target number of PSUs that may be earned (the "Target PSUs"). A minimum TSR increase of 50% is required for any PSUs to be earned. Subject to the reporting person's continued service, the reporting person may earn 50% - 200% of the Target PSUs for a TSR increase of 50% - 200% on the third anniversary of the Vesting Start Date. Any PSUs that are not earned on the third anniversary may vest on the fourth anniversary based on the increase in the TSR over the full four-year period. Upon any vesting, each PSU that has been earned is settled for one share of common stock.
- [F2]One-fourth (1/4th) of the option vests on December 9, 2015 (the "Initial Vesting Date"), and on each each monthly anniversary of the Initial Vesting Date one forty eighth (1/48th) of the option vests, such that the option shall be fully vested and exercisable as of the third anniversary of the Initial Vesting Date (December 9,2018), subject to reporting person's continued employment with the Company on each such date.