Lee Magnuson - Nov 30, 2021 Form 4 Insider Report for RAVEN INDUSTRIES INC (RAVN)

Role
General Counsel & VP
Signature
/s/ Lee Magnuson
Stock symbol
RAVN
Transactions as of
Nov 30, 2021
Transactions value $
$0
Form type
4
Date filed
12/1/2021, 06:35 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAVN Common Stock Disposed to Issuer -3K -100% 0 Nov 30, 2021 Direct F1
transaction RAVN Common Stock Disposed to Issuer -28 -100% 0 Nov 30, 2021 By spouse F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RAVN Stock Option Disposed to Issuer -2.03K -100% 0 Nov 30, 2021 Common Stock 2.03K $35.05 Direct F1
transaction RAVN Restricted Stock Units - 2019 Disposed to Issuer -1.05K -100% 0 Nov 30, 2021 Common Stock 1.05K Direct F1, F2, F4, F9
transaction RAVN Restricted Stock Units - 2020 Disposed to Issuer -2.31K -100% 0 Nov 30, 2021 Common Stock 2.31K Direct F1, F2, F5, F10
transaction RAVN Restricted Stock Units - 2021 Disposed to Issuer -1.3K -100% 0 Nov 30, 2021 Common Stock 1.3K Direct F1, F2, F11
transaction RAVN Restricted Stock Units - 2019 Disposed to Issuer -2.1K -100% 0 Nov 30, 2021 Common Stock 2.1K Direct F1, F3, F6, F12
transaction RAVN Restricted Stock Units - 2020 Disposed to Issuer -3.76K -100% 0 Nov 30, 2021 Common Stock 3.76K Direct F1, F3, F7, F13
transaction RAVN Restricted Stock Units - 2021 Disposed to Issuer -2.6K -100% 0 Nov 30, 2021 Common Stock 2.6K Direct F1, F3, F8, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger (the "Merger"), dated as of June 20, 2021, by and among Raven Industries, Inc. ("Raven"), CNH Industrial N.V. and CNH Industrial South Dakota, Inc., as it may be amended from time to time (the "Merger Agreement"). The shares of Raven Common Stock were converted in the Merger into the right to receive $58.00 in cash per share of Common Stock.
F2 Each Time-Based Restricted Stock Unit is the economic equivalent of one share of Raven Common Stock.
F3 Each Performance-Based Restricted Stock Unit is the economic equivalent of one share of Raven Common Stock.
F4 Includes 27 dividend equivalent units.
F5 Includes 28 dividend equivalent units.
F6 The target number of shares of Raven Common Stock was 1,025. Includes 27 dividend equivalent units.
F7 The target number of shares of Raven Common Stock was 2,281. Includes 28 dividend equivalent units.
F8 The target number of shares of Raven Common Stock was 1,299.
F9 The Time-based Restricted Stock Units become vested on the third anniversary of the effective date (April 5, 2019), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
F10 The Time-based Restricted Stock Units become vested on the third anniversary of the effective date (April 6, 2020), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
F11 The Time-based Restricted Stock Units become vested on the third anniversary of the effective date (April 5, 2021), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
F12 Subject to the achievement of certain performance conditions, Performance-based Restricted Stock Units become vested on the third anniversary of the effective date (April 5, 2019), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
F13 Subject to the achievement of certain performance conditions, Performance-based Restricted Stock Units become vested on the third anniversary of the effective date (April 6, 2020), provided that the Reporting Person remains continuously employed by Raven through such vesting date.
F14 Subject to the achievement of certain performance conditions, Performance-based Restricted Stock Units become vested on the third anniversary of the effective date (April 5, 2021), provided that the Reporting Person remains continuously employed by Raven through such vesting date.