Initial Statement of Beneficial Ownership (3)
April 02 2020 - 5:06PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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
*
HANSON WILLIAM H |
2. Date of Event Requiring Statement (MM/DD/YYYY)
3/12/2020
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3. Issuer Name and Ticker or Trading Symbol
Great Lakes Dredge & Dock CORP [GLDD]
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(Last)
(First)
(Middle)
C/O GREAT LAKES DREDGE & DOCK CORP, 2122 YORK ROAD, 2ND FLOOR |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
SVP, Gov't Relations & Bus Dev / |
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(Street)
OAK BROOK, IL 60523
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 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 Beneficially Owned
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1.Title of Security
(Instr. 4) | 2. Amount of Securities Beneficially Owned
(Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) | 4. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Common Stock | 38197 (1) | D | |
| Common Stock | 2630 | I | Common Stock owned by the wife of Mr. Hanson |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4) | 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) | 6. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Employee Stock Option (right to buy) | (2) | 5/27/2020 | Common Stock | 2461 | $5.70 | D | |
| Employee Stock Option (right to buy) | (3) | 6/27/2021 | Common Stock | 2631 | $5.33 | D | |
| Employee Stock Option (right to buy) | (4) | 6/6/2022 | Common Stock | 1890 | $6.45 | D | |
| Employee Stock Option (right to buy) | (5) | 5/7/2023 | Common Stock | 1945 | $7.56 | D | |
| Employee Stock Option (right to buy) | (6) | 5/9/2024 | Common Stock | 2145 | $7.62 | D | |
| Explanation of Responses: |
| (1) | Of these shares, 12,589 are represented by restricted stock units (1,910 shares vest on March 8, 2021; 3,894 shares vest in two equal annual
installments beginning on March 13, 2021; and 6,785 shares vest in three equal annual installments beginning on March 12, 2021). In addition,
5,730 of these shares are represented by performance-based restricted stock units. The performance conditions were satisfied and the shares
vest on December 31, 2020, subject to the executive's continued employment. |
| (2) | One-third of the options became exercisable on 05/27/2011, one-third became exercisable on 05/27/2012 and one-third became exercisable on 05/27/2013. |
| (3) | One-third of the options became exercisable on 06/27/2012, one-third became exercisable on 06/27/2013 and one-third became exercisable on 06/27/2014. |
| (4) | One-third of the options became exercisable on 06/06/2013, one-third became exercisable on 06/06/2014 and one-third became exercisable on 06/06/2015. |
| (5) | One-third of the options became exercisable on 05/07/2014, one-third became exercisable on 05/07/2015 and one-third became exercisable on 05/07/2016. |
| (6) | One-third of the options became exercisable on 05/09/2015, one-third became exercisable on 05/09/2016 and one-third became exercisable on 05/09/2017. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
HANSON WILLIAM H
C/O GREAT LAKES DREDGE & DOCK CORP
2122 YORK ROAD, 2ND FLOOR
OAK BROOK, IL 60523 |
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| SVP, Gov't Relations & Bus Dev |
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Signatures
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| /s/Kathleen M. LaVoy, by Power of Attorney | | 4/2/2020 |
| **Signature of Reporting Person | Date |
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