Raven Industries (RAVN) Form 4 RAVEN INDUSTRIES / Schmidt Anthony D Johnson ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Johnson Schmidt Anthony D

(Last) (First) (Middle)

PO BOX 5107

(Street)

SIOUX FALLS SD 57117

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RAVEN INDUSTRIES INC [ RAVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Division VP and GM

3. Date of Earliest Transaction (Month/Day/Year)
11/22/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/22/2017		M		13,900	A	$32.85	37,584	D
Common Stock	11/22/2017		F		12,829	D	$36.75	24,755	D
Common Stock	11/22/2017		M		10,800	A	$32.75	35,555	D
Common Stock	11/22/2017		F		9,946	D	$36.75	25,609	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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 Option(1)	$32.85	11/22/2017		M			13,900	03/25/2014	03/25/2018	Common Stock	13,900	$32.85	0	D
Stock Option(1)	$32.75	11/22/2017		M			10,800	04/01/2015	04/01/2019	Common Stock	10,800	$32.75	3,600	D
Stock Option(1)	$20.1							03/17/2016	03/17/2020	Common Stock	26,200		26,200	D
Stock Option(1)	$15.61							04/05/2017	04/05/2021	Common Stock	29,900		29,900	D
Stock Option(1)	$29.2							04/05/2018	04/05/2022	Common Stock	9,800		9,800	D
Restricted Stock Unit - 2016	(2)							(3)	(3)	Common Stock	4,170		4,170	D
Restricted Stock Unit - 2017	(2)							(4)	(4)	Common Stock	4,110		4,110	D

Explanation of Responses:

1. Pursuant to Rule 16b-3(d). Right to buy. All options vest at the rate of 25% annually beginning on the date listed in Exercisable, column 6.

2. Each time-based restricted stock unit represents a contingent right to receive one share of RAVN common stock.

3. The Time-Based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/16, provided that the Employee remains continuously employed by the Company through the Vesting Date.

4. The Time-Based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/17, provided that the Employee remains continuously employed by the Company through the Vesting Date.

Remarks:

	/s/ Anthony D. Johnson Schmidt	11/27/2017
	** 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 Number.