0001700425-19-000001.txt : 20190226
0001700425-19-000001.hdr.sgml : 20190226
20190226135750
ACCESSION NUMBER: 0001700425-19-000001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190222
FILED AS OF DATE: 20190226
DATE AS OF CHANGE: 20190226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gotting Gary A
CENTRAL INDEX KEY: 0001700425
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21835
FILM NUMBER: 19632819
MAIL ADDRESS:
STREET 1: 1500 WEST UNIVERSITY PARKWAY
CITY: SARASOTA
STATE: FL
ZIP: 34243
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: 1229
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
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2019-02-22
0
0001024795
SUN HYDRAULICS CORP
SNHY
0001700425
Gotting Gary A
1500 WEST UNIVERSITY PARKWAY
SARASOTA
FL
34243
0
1
0
0
OFFICER
Performance-Based Restricted Stock Units
0
2019-02-22
4
A
0
1047
0
A
Common Stock
1047
1047
D
Restricted Stock Units
0
2019-02-22
4
A
0
1047
0
A
Common Stock
1047
1047
D
Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 150% of one share of Sun Hydraulics common stock (Common Stock). The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the first day of the Company's fiscal year ending December 28, 2019 and ending on the last day of the Company's fiscal year ending January 1, 2022.
Unless earlier forfeited under the terms of the performance-based RSU, each performance-based RSU vests and converts into no more than 150% of one share of Common Stock after the determination of the achievement of the performance goals during the three-year performance period ending on the last day of the Company's fiscal year ending January 1, 2022.
Each RSU represents the right to receive, following vesting, one share of Common Stock.
Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each anniversary of the grant date.
Gregory C. Yadley, as Attorney-in-Fact for Gary A. Gotting
2019-02-26