Statement of Changes in Beneficial Ownership (4)
26 February 2020 - 2:55AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
*
RYKHUS DANIEL A |
2. Issuer Name and Ticker or Trading Symbol
RAVEN INDUSTRIES INC
[
RAVN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO |
(Last)
(First)
(Middle)
PO BOX 5107 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/24/2020 |
(Street)
SIOUX FALLS, SD 57117
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/24/2020 | | M | | 25625 | A | $15.61 | 246377 | D | |
Common Stock | 2/24/2020 | | F | | 17870 | D | $31.10 | 228507 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (1) | $15.61 | 2/24/2020 | | M | | | 25625 | 4/5/2017 | 4/5/2021 | Common Stock | 25625.0 | $15.61 | 25575 | D | |
Stock Option (1) | $29.2 | | | | | | | 4/5/2018 | 4/5/2022 | Common Stock | 38400.0 | | 38400 | D | |
Stock Option (1) | $35.05 | | | | | | | 4/5/2019 | 4/5/2023 | Common Stock | 26060.0 | | 26060 | D | |
Restricted Stock Unit - 2017 | (2) | | | | | | | (3) | (3) | Common Stock | 16090.0 | | 16090 | D | |
Restricted Stock Unit - 2018 | (2) | | | | | | | (4) | (4) | Common Stock | 14620.0 | | 14620 | D | |
Restricted Stock Unit - 2019 | (2) | | | | | | | (5) | (5) | Common Stock | 18226.0 | | 18226 | D | |
Explanation of Responses: |
(1) | Pursuant to Rule 16b-3(d). Right to buy. All options vest at the rate of 25% annually beginning on the date listed in Exercisable, column 6. |
(2) | Each Time-based Restricted Stock Unit is the economic equivalent of one share of RAVN Common Stock. |
(3) | The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/17, provided that the Employee remains continuously employed by the Company through the Vesting Date. |
(4) | The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/18, provided that the Employee remains continuously employed by the Company through the Vesting Date. |
(5) | The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/19, provided that the Employee remains continuously employed by the Company through the Vesting Date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
RYKHUS DANIEL A PO BOX 5107 SIOUX FALLS, SD 57117 | X |
| President & CEO |
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Signatures
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/s/ Daniel A Rykhus | | 2/25/2020 |
**Signature of Reporting Person | Date |
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