SEC Form 4 · accession 0001179110-16-032434
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
Oct 28, 2016
Accepted (ET)
Dec 5, 2016 · 6:14 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 StockF1 | Oct 28, 2016 | J | 262 | — | A | 12,297 | I | Savings and Retirement Plan |
| 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 |
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,F2,F4 | — | Dec 1, 2016 | A | 412 | A | Sep 13, 2016 | — | Common Stock | 412 | 113,789 | D |
Explanation of responses
- F1Vested shares in Valspar Savings and Retirement Plan as of allocation date 10/28/16.
- 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 1, 2016, the dividend record date.
- F4The cash-settled restricted stock units will be paid in cash at retirement.