Statement of Changes in Beneficial Ownership (4)
February 01 2021 - 6:32PM
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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
*
Matosevic Josef |
2. Issuer Name and Ticker or Trading Symbol
HELIOS TECHNOLOGIES, INC.
[
HLIO
]
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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) President and CEO |
(Last)
(First)
(Middle)
1500 WEST UNIVERSITY PARKWAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/28/2021 |
(Street)
SARASOTA, FL 34243
(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 | | | | | | | | 0 | 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 |
Performance-Based Restricted Stock Units | $0 (1) | 1/28/2021 | | A | | 21827 | | (1) | (1) | Common Stock | 21827 | $0 | 21827 | D | |
Restricted Stock Units | $0 (2) | 1/28/2021 | | A | | 10914 | | (2) | (2) | Common Stock | 10914 | $0 | 10914 | D | |
Non-qualified Stock Options (right to buy) | $55.03 | 1/28/2021 | | A | | 10914 | | (3) | 1/28/2031 | Common Stock | 10914 | $0 | 10914 | D | |
Restricted Stock Units | $0 (4) | | | | | | | (4) | (4) | Common Stock | 17500 | | 17500 | D | |
Restricted Stock Units | $0 (4) | | | | | | | (4) | (4) | Common Stock | 5127 | | 5127 | D | |
Non-qualified Stock Options (right to buy) | $35.04 | | | | | | | (5) | 7/1/2030 | Common Stock | 5127 | | 5127 | D | |
Performance Based Restricted Stock Units | $0 (6) | | | | | | | (6) | (6) | Common Stock | 10255 | | 10255 | D | |
Explanation of Responses: |
(1) | Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Helios Technologies common stock (Common Stock). The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the first day of the fiscal year of 2021 and ending on the last day of the fiscal year of 2023. |
(2) | Each RSU represents the right to receive, following vesting, one share of Common Stock. Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each of the first three anniversaries of the grant date. |
(3) | Unless earlier forfeited under the terms of the Options, 33-1/3% of the options vest and become exercisable on each of the first three anniversaries of the grant date. |
(4) | Each RSU granted to reporting person on 7/1/2020 represents the right to receive, following vesting, one share of Common Stock. Unless earlier forfeited under the terms of the RSU, 33-1/3% of the awards vest and convert into Common Stock on each of the first three anniversaries of the grant date. |
(5) | Stock Options granted to reporting person on 7/1/2020; unless earlier forfeited under the terms of the Options, 33-1/3% of the options vest and become exercisable on each of the first three anniversaries of the grant date. |
(6) | Each performance-based RSU granted to the reporting person on 7/1/2020 represents the right to receive, following vesting, up to 200% of one share Common Stock. The number of shares of Common Stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the first day of the Company's fiscal year of 2020 and ending on the last day of the Company's fiscal year ending 2022. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Matosevic Josef 1500 WEST UNIVERSITY PARKWAY SARASOTA, FL 34243 |
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| President and CEO |
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Signatures
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Willard A. Blair, as Attorney-in-Fact for Josef Matosevic | | 2/1/2021 |
**Signature of Reporting Person | Date |
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