DANIEL A. RYKHUS - 08 Sep 2021 Form 4 Insider Report for RAVEN INDUSTRIES INC

Role
President & CEO, Director
Signature
/s/ Daniel A. Rykhus
Issuer symbol
N/A
Transactions as of
08 Sep 2021
Net transactions value
$0
Form type
4
Filing time
01 Dec 2021, 18:37:58 UTC
Next filing
29 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAVN Common Stock Gift $0 -12,000 -4.5% $0.000000 254,460 08 Sep 2021 Direct
transaction RAVN Common Stock Gift $0 -12,000 -4.7% $0.000000 242,460 14 Sep 2021 Direct
transaction RAVN Common Stock Disposed to Issuer -242,460 -100% 0 30 Nov 2021 Direct 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 -38,400 -100% 0 30 Nov 2021 Common Stock 38,400 $29.20 Direct F1
transaction RAVN Stock Option Disposed to Issuer -26,060 -100% 0 30 Nov 2021 Common Stock 26,060 $35.05 Direct F1
transaction RAVN Restricted Stock Units - 2019 Disposed to Issuer -18,714 -100% 0 30 Nov 2021 Common Stock 18,714 Direct F1, F2, F4, F9
transaction RAVN Restricted Stock Units - 2020 Disposed to Issuer -48,011 -100% 0 30 Nov 2021 Common Stock 48,011 Direct F1, F2, F5, F10
transaction RAVN Restricted Stock Units - 2021 Disposed to Issuer -29,833 -100% 0 30 Nov 2021 Common Stock 29,833 Direct F1, F2, F11
transaction RAVN Restricted Stock Units - 2019 Disposed to Issuer -37,428 -100% 0 30 Nov 2021 Common Stock 37,428 Direct F1, F3, F6, F12
transaction RAVN Restricted Stock Units - 2020 Disposed to Issuer -78,162 -100% 0 30 Nov 2021 Common Stock 78,162 Direct F1, F3, F7, F13
transaction RAVN Restricted Stock Units - 2021 Disposed to Issuer -59,666 -100% 0 30 Nov 2021 Common Stock 59,666 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 488 dividend equivalent units.
F5 Includes 571dividend equivalent units.
F6 The target number of shares of Raven Common Stock was 18,226. Includes 488 dividend equivalent units.
F7 The target number of shares of Raven Common Stock was 47,440. Includes 571 dividend equivalent units.
F8 The target number of shares of Raven Common Stock was 29,833.
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.