0001600781-15-000025.txt : 20150223
0001600781-15-000025.hdr.sgml : 20150223
20150223130910
ACCESSION NUMBER: 0001600781-15-000025
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150219
FILED AS OF DATE: 20150223
DATE AS OF CHANGE: 20150223
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DYNAMIC MATERIALS CORP
CENTRAL INDEX KEY: 0000034067
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PRIMARY METAL PRODUCTS [3390]
IRS NUMBER: 840608431
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5405 SPINE ROAD
CITY: BOULDER
STATE: CO
ZIP: 80301
BUSINESS PHONE: 3036655700
MAIL ADDRESS:
STREET 1: 5405 SPINE ROAD
CITY: BOULDER
STATE: CO
ZIP: 80301
FORMER COMPANY:
FORMER CONFORMED NAME: EXPLOSIVE FABRICATORS INC
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KUTA MICHAEL
CENTRAL INDEX KEY: 0001603342
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14775
FILM NUMBER: 15638932
MAIL ADDRESS:
STREET 1: C/O DYNAMIC MATERIALS CORPORATION
STREET 2: 5405 SPINE ROAD
CITY: BOULDER
STATE: CO
ZIP: 80301
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2015-02-19
0000034067
DYNAMIC MATERIALS CORP
BOOM
0001603342
KUTA MICHAEL
C/O DYNAMIC MATERIAL CORPORATION
5405 SPINE ROAD
BOULDER
CO
80301
0
1
0
0
Chief Financial Officer
Common Stock
2015-02-19
4
A
0
10667
0
A
21498
D
This stock award is subject to the lapse of restrictions, one-half of which are performance-based and one-half of which are time-based. The restrictions will lapse with respect to one-quarter of the shares on each of the first and second anniversaries of the grant date. In addition, on the date the Company's annual report on Form 10-K is filed after the second anniversary of the grant date, restrictions will lapse on up to all or a portion of the remaining one-half of the shares based on the following formula, which takes into account the Company's achievement of budgeted Adjusted EBITDA and the total return to the Company's shareholders in comparison to the total shareholder return of the Company's peer group of public companies:
the number of shares equal to 25% of the total number of shares awarded multiplied by the percentage that is the sum of (a) the percentage obtained by dividing (i) the average actual Adjusted EBITDA of the Company of each of the two fiscal years ending immediately prior to the second anniversary, by (ii) the Company's budgeted Adjusted EBITDA for the fiscal year in which the stock award was granted; and (b) the amount (which may be negative) of (x) the total annual shareholder return (expressed as a percentage) for the Company's stock calculated by the average closing stock price during the month of January prior to the second anniversary compared with the average closing stock during the month of January prior to the first anniversary, less (y) the average total shareholder return calculated on a similar basis for the stock of the Company's peer group of companies (as approved by the Compensation Committee of the Company's Board of Directors) at the time of the stock award.
Includes 831 shares acquired under the Issuer's ESPP on December 31, 2014.
/s/ Michael Kuta
2015-02-23