SEC Form 4 · accession 0001179110-16-022212
COMFORT SYSTEMS USA INC · FIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian E. Lane
Officer — President/Chief Executive Off. · Director
Period of report
Mar 23, 2016
Accepted (ET)
Mar 25, 2016 · 3:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001035983
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 23, 2016 | A | 9,263 | $0.00 | A | 164,969 | D | |
| Common StockF2 | Mar 23, 2016 | A | 18,586 | $0.00 | A | 183,555 | D | |
| Common StockF3,F4,F5 | Mar 25, 2016 | F | 5,191 | $30.36 | D | 178,364 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F6,F7 | $30.36 | Mar 23, 2016 | A | 27,407 | A | Apr 1, 2017 | Mar 23, 2026 | Common Stock | 27,407 | 27,407 | D |
Explanation of responses
- F1Each restricted stock unit granted on March 23, 2016 represents a right to receive one share of common stock and will vest in equal installments over a three-year vesting schedule.
- F2Reflects dollar-denominated performance restricted stock units granted on March 20, 2013 that vested on March 23, 2016. These units vested as a result of the Company's 2013-2015 relative Total Shareholder Return and 2013-2015 Company average EPS - the applicable performance metrics.
- F3Forfeited shares are related to dollar-denominated performance restricted stock units that vested March 23, 2016 and were priced based on the closing price of the Company's common stock on March 23, 2016. Forfeitures were processed on March 25, 2016.
- F4Reflects forfeited shares related to the vesting of dollar-denominated performance restricted stock units granted on March 20, 2013.
- F5Price is based on the closing price of the Company's common stock on March 23, 2016.
- F6Stock options vest in equal installments over a three-year vesting schedule.
- F7Stock options will expire at the earlier of ten years from the date of grant or three months following termination of employment.