Statement of Changes in Beneficial Ownership (4)
February 20 2020 - 5:14PM
Edgar (US Regulatory)
FORM 4
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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
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SCHULTZ PHILIP C. |
2. Issuer Name and Ticker or Trading Symbol
3D SYSTEMS CORP
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DDD
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, Operations |
(Last)
(First)
(Middle)
333 THREE D SYSTEMS CIRCLE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/18/2020 |
(Street)
ROCK HILL, SC 29730
(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 | 2/18/2020 | | F | | 3306 (1) | D | $12.13 | 123989 | D | |
Common Stock | 2/18/2020 | | A | | 33636 (2) | A | $0.00 | 157625 | 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 Appreciation Right (3) | $15.75 | 2/18/2020 | | A | | 50000 | | (4) | 9/6/2026 | Common Stock | 50000 | $0.00 | 50000 | D | |
Stock Appreciation Right (3) | $15.75 | 2/18/2020 | | A | | 50000 | | (5) | 9/6/2026 | Common Stock | 50000 | $0.00 | 100000 | D | |
Explanation of Responses: |
(1) | Shares reported were withheld to satisfy tax withholding obligations with respect to the vesting of a grant of restricted stock originally made on February 15, 2019. |
(2) | The Reporting Person has been awarded 33,636 shares of restricted stock under the Issuer's 2015 Incentive Plan. One-third of the total shares awarded vest on February 15, 2021, an additional one-third of the total shares awarded vest on February 15, 2022, and the remaining shares awarded vest on February 15, 2023. |
(3) | The Stock Appreciation Right ("SAR") is granted to operate in tandem with the performance-based stock options granted on September 6, 2016. The exercise of one results in the expiration of the other. |
(4) | The Reporting Person has been awarded 50,000 SARs under the Issuer's 2015 Incentive Plan. These SARs have an exercise price equal to the closing price of the common stock on September 6, 2016 and are exercisable, if at all, on the later of the grant date and the date that the closing price of a share of the common stock on each of the trading days during the immediately prior ninety consecutive calendar days is at least $30. |
(5) | The Reporting Person has been awarded 50,000 SARs under the Issuer's 2015 Incentive Plan. These SARs have an exercise price equal to the closing price of the common stock on September 6, 2016 and are exercisable, if at all, on the later of the grant date and the date that the closing price of a share of the common stock on each of the trading days during the immediately prior ninety consecutive calendar days is at least $40. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SCHULTZ PHILIP C. 333 THREE D SYSTEMS CIRCLE ROCK HILL, SC 29730 |
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| EVP, Operations |
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Signatures
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/s/ Andrew M. Johnson, Attorney-in-Fact, for Philip C. Schultz | | 2/20/2020 |
**Signature of Reporting Person | Date |
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