SEC Form 4 · accession 0000897101-15-001640
VALSPAR CORP · VAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Gary E Hendrickson
Officer — Chairman, President and CEO · Director
Period of report
Dec 7, 2015
Accepted (ET)
Dec 9, 2015 · 8:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000102741
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | holding | — | — | — | 128,757 | D | ||
| Common stock | holding | — | — | — | 68,324 | I | Trust | |
| Common stock | holding | — | — | — | 10,641 | I | Trust | |
| Common stock | holding | — | — | — | 6,259 | I | Trust | |
| Common stockF1 | holding | — | — | — | 11,765 | I | Savings and Retirement Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash-settled restricted stock unitsF3,F5,F2,F4 | — | Dec 7, 2015 | A | 436 | A | — | — | common stock | 436 | 112,216 | D |
| Stock option (right to buy) | $22.68 | Dec 7, 2015 | M | 50,000 | D | Feb 27, 2013 | Feb 27, 2018 | common stock | 50,000 | 25,000 | D |
Explanation of responses
- F1vested shares in Valspar Savings and Retirement Plan as of allocation date 10/31/14
- F21-for-1
- F3The cash-settled restricted stock units were issued pursuant to dividend equivalent rights for certain outstanding cash-settled restricted stock units held by the reporting person on December 7, 2015, the dividend record date.
- F4The cash-settled restricted stock units will vest on 9/13/2016 and shall be paid in cash at retirement.
- F5The number includes previously reported underlying cash-settled restricted stock units.