0000805676-20-000060.txt : 20200331
0000805676-20-000060.hdr.sgml : 20200331
20200331171310
ACCESSION NUMBER: 0000805676-20-000060
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200327
FILED AS OF DATE: 20200331
DATE AS OF CHANGE: 20200331
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Burt Brady T
CENTRAL INDEX KEY: 0001330808
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13006
FILM NUMBER: 20762740
MAIL ADDRESS:
STREET 1: 0015 BENCHMARK ROAD, SUITE 300
STREET 2: P.O. BOX 6580
CITY: AVON
STATE: CO
ZIP: 81620
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_158568917166522.xml
FORM 4
X0306
4
2020-03-27
0
0000805676
PARK NATIONAL CORP /OH/
PRK
0001330808
Burt Brady T
50 N. THIRD STREET
NEWARK
OH
43055
0
1
0
0
Chief Financial Officer
Common Shares
2020-03-27
4
A
0
1147.22
A
1147.22
D
Common Shares
2020-03-27
4
F
0
348.18
71.87
D
799.04
D
Common Shares
2020-03-29
4
M
0
1200.69
A
1999.73
D
Common Shares
2020-03-29
4
F
0
364.41
71.87
D
1635.32
D
Common Shares
5774.595
I
KSOP
Common Shares
2482.938
I
Brady T. Burt Managing Agency Account
PBRSUs
2020-03-27
4
A
0
1147.22
0
A
Common Shares
1147.22
2347.90
D
PBRSUs
2020-03-29
4
M
0
1200.69
0
D
Common Shares
1200.69
1147.21
D
Effective March 27, 2020 (the "2017 PBRSU Certification Date"), the Executive 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, 2017. 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 1,147.22 common shares shown in the first row in Table I) on the 2017 PBRSU Certification Date and the other 50% to vest on the first anniversary of the 2017 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, 2020, the reporting person acquired 164.804 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 March 31, 2020.
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 2017 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 29, 2020.
/s/ Brady T. Burt
2020-03-31