0000805676-19-000051.txt : 20190402
0000805676-19-000051.hdr.sgml : 20190402
20190402173020
ACCESSION NUMBER: 0000805676-19-000051
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190329
FILED AS OF DATE: 20190402
DATE AS OF CHANGE: 20190402
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DELAWDER DAN
CENTRAL INDEX KEY: 0001201379
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13006
FILM NUMBER: 19726576
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PARK NATIONAL CORP /OH/
CENTRAL INDEX KEY: 0000805676
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 311179518
STATE OF INCORPORATION: OH
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 50 NORTH THIRD ST
CITY: NEWARK
STATE: OH
ZIP: 43055
BUSINESS PHONE: 6143498451
MAIL ADDRESS:
STREET 1: P O BOX 3500
CITY: NEWARK
STATE: OH
ZIP: 43058-3500
4
1
wf-form4_155424060444427.xml
FORM 4
X0306
4
2019-03-29
0
0000805676
PARK NATIONAL CORP /OH/
PRK
0001201379
DELAWDER DAN
50 N. THIRD STREET
NEWARK
OH
43055
1
1
0
0
Chairman of the Board
Common Shares
2019-03-29
4
A
0
1372.22
A
56652.22
D
Common Shares
2019-03-29
4
F
0
419.90
94.75
D
56232.32
D
Common Shares
2019-03-31
4
M
0
1338.89
A
57571.21
D
Common Shares
2019-03-31
4
F
0
409.70
94.75
D
57161.51
D
Common Shares
2806.456
I
C. Daniel DeLawder Managing Agency Account
Common Shares
50232
I
Diane S., spouse
Common Shares
24434.025
I
KSOP
PBRSUs
2019-03-29
4
A
0
1372.22
0
A
Common Shares
1372.22
2711.11
D
PBRSUs
2019-03-31
4
M
0
1338.89
0
D
Common Shares
1338.89
1372.22
D
Effective March 29, 2019 (the "2016 PBRSU Certification Date"), the Compensation Committee of the Board of Directors of Park National Corporation ("Park") certified the level of achievement with respect to the performance criteria for the three-fiscal-year performance period applicable to performance-based restricted stock units ("PBRSUs") granted to the reporting person effective January 1, 2016. The PBRSUs convert into Park common shares on a one-for-one basis. The PBRSUs earned based on the performance level achieved are also subject to a service-based vesting requirement with 50% vesting (resulting in the right to receive the 1,372.22 common shares shown in the first row in Table I) on the 2016 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2016 PBRSU Certification Date (shown in the first row in Table II as a derivative security).
These common shares of Park were acquired upon the satisfaction of a service-based vesting requirement whereby PBRSUs were converted into Park common shares on a one-for-one basis.
Between January 1 and March 31, 2019, the reporting person acquired 602.799 common shares under the Park National Corporation Employees Stock Ownership Plan (the "KSOP"). The information in this report is based on a plan statement dated as of April 1, 2019.
These PBRSUs were earned based on the performance level achieved as described in footnote (1) and are also subject to service-based vesting pursuant to which they are to vest on the first anniversary of the 2016 PBRSU Certification Date. Each PBRSU represents the right to receive one Park common share upon satisfaction of the service-based vesting requirement.
These PBRSUs converted into Park common shares on a one-for-one basis upon satisfaction of a service-based vesting requirement on March 31, 2019.
/s/ C. Daniel DeLawder by Brady T. Burt, POA
2019-04-02