FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 11/02/2016 |
3. Issuer Name and Ticker or Trading Symbol
COMPASS MINERALS INTERNATIONAL INC [ CMP ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 46(1) | I | 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Unit | 03/30/2018 | 03/30/2018 | Common Stock | 181 | (2) | D | |
Restricted Stock Unit | 04/01/2019 | 04/01/2019 | Common Stock | 233 | (3) | D | |
Stock Option (Right to Buy) | (4) | 03/30/2022 | Common Stock | 1,187 | $93.26 | D | |
Stock Option (Right to Buy) | (5) | 04/01/2023 | Common Stock | 1,662 | $70.48 | D | |
Performance Stock Unit(rTSR) | 03/30/2018 | 03/30/2018 | Common Stock | 152 | (6) | D | |
Performance Stock Unit(rTSR) | 04/01/2019 | 04/01/2019 | Common Stock | 219 | (6) | D | |
Performance Stock Unit(ROIC) | 03/30/2018 | 03/30/2018 | Common Stock | 181 | (7) | D | |
Performance Stock Unit(ROIC) | 04/01/2019 | 04/01/2019 | Common Stock | 233 | (7) | D |
Explanation of Responses: |
1. The information in this report is based on a 401(k) plan statement dated as of 11/03/2016. |
2. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. A performance hurdle tied to the Issuer's 2015 financial performance has been satisfied. |
3. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. Vesting is contingent on satisfaction of a performance hurdle tied to the Issuer's 2016 financial performance. |
4. This stock option award vested 25% on 03/30/2016 and then vests in three equal annual installments of 25% each beginning on the second anniversary of the grant date. |
5. This stock option award vests in four equal annual installments of 25% each beginning on the first anniversary of the grant date. |
6. Each performance stock unit represents a contingent right to receive between 0% and 150% of one share of Issuer common stock. The reported number of securities represents the target number of shares that may be earned. The actual number of shares that may be earned will be calculated by comparing the Issuer's relative total shareholder return to the total shareholder return for each company comprising the Russell 3000 Index over a three-year performance period. |
7. Each performance stock unit represents a contingent right to receive between 0% and 200% of one share of Issuer common stock. The reported number of securities represents the target number of shares that may be earned. The actual number of shares that may be earned will be calculated based on the average of the Issuer's annual return on invested capital for each year over a three-year performance period. |
Remarks: |
Exhibit 24 - Power of Attorney |
/s/ Robert B. Porter as Attorney-in-Fact | 11/14/2016 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |