-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P4BnZHCRnL8SEnzDe9wc3JdEmFr4sFj2s5jKFlT4HU/QVfCJQ6mIzQ9m5T+U+t+v a2IVDgjlCWeRlWV++H1/Sw== 0001225259-07-000001.txt : 20071017 0001225259-07-000001.hdr.sgml : 20071017 20071017163000 ACCESSION NUMBER: 0001225259-07-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071010 FILED AS OF DATE: 20071017 DATE AS OF CHANGE: 20071017 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SUN HYDRAULICS CORP CENTRAL INDEX KEY: 0001024795 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 592754337 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1500 WEST UNIVERSITY PKWY CITY: SARASOTA STATE: FL ZIP: 34243 BUSINESS PHONE: 9413621200 MAIL ADDRESS: STREET 1: 1500 WEST UNIVERSITY PKWY CITY: SARASOTA STATE: FL ZIP: 34243 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ROBSON PETER G CENTRAL INDEX KEY: 0001225259 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21835 FILM NUMBER: 071176746 BUSINESS ADDRESS: STREET 1: 1500 WEST UNIVERSITY PARKWAY CITY: SARASOTA STATE: FL ZIP: 34243 BUSINESS PHONE: 9413621200 MAIL ADDRESS: STREET 1: 1500 W UNIVERSITY PARKWAY CITY: SARASOTA STATE: FL ZIP: 34243 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2007-10-10 0 0001024795 SUN HYDRAULICS CORP SNHY 0001225259 ROBSON PETER G 1500 W UNIVERSITY PARKWAY SARASOTA FL 34243 0 1 0 0 GENERAL MGR, SUN HYD LTD (UK) Common Stock 2007-10-10 4 M 0 625.5 35.4 A 625.5 D Common Stock 2007-10-10 4 D 0 625.5 35.4 D 0 D Common Stock 2007-10-15 4 M 0 1214.5748 34.54 A 1214.5748 D Common Stock 2007-10-15 4 D 0 1214.5748 34.54 D 0 D Phantom Shares 2007-10-10 4 M 0 625.5 D Common Stock 625.5 1252.5 D Phantom Shares 2007-10-15 4 M 0 1214.5748 D Common Stock 1214.5748 0 D Phantom Shares 2007-10-15 4 A 0 724 0 A Common Stock 724 724 D Each phantom share represents the value of a share of the Registrant's common stock. The grant vests in 3 installments: 2 of 417 pre-split/624.5 post-split phantom shares, on each of 10/10/07 and 10/10/08, and a 3rd installment of 418 pre-split/627 post-split phantom shares on 10/10/09. On each of such dates, so long as Robson is then employed by the Registrant or one of its subsidiaries, the Registrant will pay to Robson an amount equal to the closing price for a share of the Registrant's common stock on such date multiplied by the number of phantom shares vesting on such date, converted at the then current exchange rate into the currency in which Robson is paid (British pounds), less any required tax withholding. The vested phantom shares will be cancelled upon such payment. There are no specific performance goals or business criteria that must be met for Robson to receive such payment. All unvested performance shares will be cancelled upon the termination of Robson's employment.< /footnote> Includes 626 phantom shares issued in connection with the one-for-two stock dividend declared in June 2007, payable on July 15, 2007, to shareholders of record on June 30, 2007. Each phantom share represents the value of a share of the Registrant's common stock. The grant vests in three equal installments of 809.71655 pre-split, 1214.5748 post-split phantom shares, the first on 10/15/05, the second on 10/15/06, and the third on 10/15/07. On each of such dates, so long as Mr. Robson is then employed by the Registrant or one of its subsidiaries, the Registrant will pay to Mr. Robson an amount equal to the closing price for a share of the Registrant's common stock on such date multiplied by the number of phantom shares vesting on such date, converted at the then current exchange rate into the currency in which Mr. Robson is paid (British pounds), less any required tax withholding. The vested phantom shares will be cancelled upon such payment. There are no specific performance goals or business criteria that must be met for Mr. Robson to receive such payment. All unvested performance shares will be cancelled upon the termination of Mr. Robson's employment. Each phantom share represents the value of a share of the Registrant's common stock. The grant vests in three installments: 241 phantom shares on October 15, 2008, 241 phantom shares on October 15, 2009, and 242 phantom shares on October 15, 2010. On each of such dates, so long as Mr. Robson is then employed by the Registrant or one of its subsidiaries, the Registrant will pay to Mr. Robson an amount equal to the closing price for a share of the Registrant's common stock on such date multiplied by the number of phantom shares vesting on such date, converted at the then current exchange rate into the currency in which Mr. Robson is paid (British pounds), less any required tax withholding. The vested phantom shares will be cancelled upon such payment. There are no specific performance goals or business criteria that must be met for Mr. Robson to receive such payment. All unvested performance shares will be cancelled upon the termination of Mr. Robson's employment. Paul R. Lynch, as Attorney-in-Fact for PETER G. ROBSON 2007-10-17 -----END PRIVACY-ENHANCED MESSAGE-----