Statement of Changes in Beneficial Ownership (4)
March 10 2022 - 5:32PM
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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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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Payne Sarah |
2. Issuer Name and Ticker or Trading Symbol
HEIDRICK & STRUGGLES INTERNATIONAL INC
[
HSII
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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)
Chief Human Resources Officer |
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(Last)
(First)
(Middle)
C/O HEIDRICK & STRUGGLES INT'L INC., 233 S. WACKER DR. SUITE 4900 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/8/2022 |
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(Street)
CHICAGO, IL 60606
(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 (1) | 3/8/2022 | | M | | 843 | A | $37.38 (2) | 1995.261 | D | |
| Common Stock (3) | 3/8/2022 | | F | | 265 | D | $37.38 | 1730.261 | D | |
| Common Stock (4) | 3/8/2022 | | A | | 3515 | A | $37.38 (5) | 5245.261 | D | |
| Common Stock (6) | 3/8/2022 | | F | | 1102 | D | $37.38 | 4143.261 | D | |
| Common Stock (7) | 3/9/2022 | | M | | 2134 | A | $38.24 (2) | 6277.261 | D | |
| Common Stock (8) | 3/9/2022 | | F | | 669 | D | $38.24 | 5608.261 | D | |
| Common Stock (9) | 3/9/2022 | | M | | 1578 | A | $38.24 (2) | 7186.261 | D | |
| Common Stock (10) | 3/9/2022 | | F | | 495 | D | $38.24 | 6691.261 | 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 |
| 2019 Restricted Stock Units | (2) | 3/8/2022 | | M | | | 843 | (11) | (11) | Common Stock | 843.0 | $0 | 0 | D | |
| 2020 Restricted Stock Units | (2) | 3/9/2022 | | M | | | 2134 | (12) | (12) | Common Stock | 2134.0 | $0 | 2134 | D | |
| 2021 Restricted Stock Units | (2) | 3/9/2022 | | M | | | 1578 | (13) | (13) | Common Stock | 1578.0 | $0 | 3158 | D | |
| 2022 Restricted Stock Units | (14) | 3/9/2022 | | A | | 4576 | | (15) | (15) | Common Stock | 4576.0 | $0 | 4576 | D | |
| Explanation of Responses: |
| (1) | Reflects the vesting of the third of three installments of Restricted Stock Units ("RSUs") granted on March 8, 2019 ("2019 RSUs"). RSUs are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant. |
| (2) | RSUs convert into common stock on a one-for-one basis at the time of vesting. |
| (3) | Reflects an aggregate of 265 shares of common stock retained by Heidrick & Struggles International, Inc. (the "Issuer") to satisfy tax withholding obligations with respect to 2019 RSUs that vested on March 8, 2022. |
| (4) | Reflects the vesting of 3,515 non-derivative Performance Stock Units ("PSUs") granted on March 8, 2019 ("2019 PSUs") for the three-year performance period ended December 31, 2021 and which are exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d). PSUs are target-based equity grants that generally vest three years from the grant date if certain performance goals are achieved. The actual amounts to vest at the end of the performance period can range from 0% to 200% of target based on performance. |
| (5) | PSUs convert into common stock on a one-for-one basis at the time of vesting. |
| (6) | Reflects an aggregate of 1,102 shares of common stock retained by Issuer to satisfy tax withholding obligations with respect to 2019 PSUs that vested on March 8, 2022. |
| (7) | Reflects the vesting of the second of three installments of RSUs granted on March 9, 2020 ("2020 RSUs"). RSUs are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant. |
| (8) | Reflects an aggregate of 669 shares of common stock retained by the Issuer to satisfy tax withholding obligations with respect to 2020 RSUs that vested on March 9, 2022. |
| (9) | Reflects the vesting of the first of three installments of RSUs granted on March 9, 2021 ("2021 RSUs"). RSUs are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant. |
| (10) | Reflects an aggregate of 495 shares of common stock retained by Issuer to satisfy tax withholding obligations with respect to 2021 RSUs that vested on March 9, 2022. |
| (11) | On March 8, 2019, the reporting person was granted 2,529 RSUs, which are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant. |
| (12) | On March 9, 2020, the reporting person was granted 6,402 RSUs, which are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant. |
| (13) | On March 9, 2021, the reporting person was granted 4,736 RSUs, which are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant. |
| (14) | Each RSU represents a contingent right to receive one share of Issuer common stock. |
| (15) | RSUs are service-based and vest in three equal installments on the first, second and third anniversaries of the date of grant. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Payne Sarah
C/O HEIDRICK & STRUGGLES INT'L INC.
233 S. WACKER DR. SUITE 4900
CHICAGO, IL 60606 |
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| Chief Human Resources Officer |
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Signatures
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| /s/ Kelly A Crosier, Attorney-In-Fact | | 3/10/2022 |
| **Signature of Reporting Person | Date |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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