SEC Form 4 · accession 0000897101-16-002892
VALSPAR CORP · VAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary E Hendrickson
Officer — Chairman, President and CEO · Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 3:53 pm EDT
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 | — | — | — | 71,924 | D | ||
| Common stock | holding | — | — | — | 74,875 | I | Trust | |
| Common stock | holding | — | — | — | 35,739 | I | Trust | |
| Common stock | holding | — | — | — | 16,643 | I | Trust | |
| Common stock | holding | — | — | — | 9,456 | I | Trust | |
| Common StockF1 | holding | — | — | — | 12,035 | 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 | — | Sep 1, 2016 | A | 353 | A | — | — | Common stock | 353 | 113,377 | D |
Explanation of responses
- F1Vested shares in Valspar Savings and Retirement Plan as of allocation date 10/30/15.
- 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 September 1, 2016, 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.