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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, 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. | |||
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 | ||||||||
Option (right to buy) (3) | $ 68.81 | 02/02/2016 | A | 2,218 | 02/02/2016 | 12/07/2021 | Common Stock | 2,218 | $ 0 | 6,764 | D | ||||
Option (right to buy) (4) | $ 61.91 | 02/02/2016 | A | 3,298 | 02/02/2016 | 12/05/2022 | Common Stock | 3,298 | $ 0 | 6,101 | D | ||||
Option (right to buy) (5) | $ 58.25 | 02/02/2016 | A | 5,285 | 02/02/2016 | 12/04/2023 | Common Stock | 5,285 | $ 0 | 10,570 | D | ||||
Option (right to buy) (6) | $ 74.57 | 02/02/2016 | A | 5,128 | 02/02/2016 | 12/03/2024 | Common Stock | 5,128 | $ 0 | 5,128 | D | ||||
Option (right to buy) | $ 63.58 | 12/02/2015 | A | 24,500 | (7) | 12/02/2025 | Common Stock | 24,500 | $ 0 | 24,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Freeman Angela K. 14701 CHARLSON ROAD EDEN PRAIRIE, MN 55437 |
VP, Human Resources |
/s/ Troy Renner, Attorney-in-Fact | 02/04/2016 | |
**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) | Represents performance-based restricted stock units that vested on February 2, 2016 upon certification by the Issuer's compensation committee. Such vested units have been credited to the reporting person's account in the Issuer's NQDC Plan and will be settled in an equal number of shares at specified future dates. |
(2) | Included in this amount are 22,009 shares of Issuer common stock issuable in settlement of an equal number of deferred shares and vested performance restricted stock units that have been credited to the reporting person's NQDC Plan account, and 7,186 shares held directly by the reporting person. |
(3) | Performance-based stock option granted 12/7/11 that vests, becomes exercisable and reportable as and to the extent applicable performance conditions are satisfied. |
(4) | Performance-based stock option granted 12/5/12 that vests, becomes exercisable and reportable as and to the extent applicable performance conditions are satisfied. |
(5) | Performance-based stock option granted 12/4/13 that vests, becomes exercisable and reportable as and to the extent applicable performance conditions are satisfied. |
(6) | Performance-based stock option granted 12/3/14 that vests, becomes exercisable and reportable as and to the extent applicable performance conditions are satisfied. |
(7) | Time-based stock option granted December 2, 2015 vests as to 20% of the shares subject to the option on December 31 in each of the years 2016-2020. |