SEC Form 4 · accession 0001179110-17-004434
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 8, 2017
Accepted (ET)
Mar 10, 2017 · 5:14 pm EST
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 8, 2017 | A | 8,317 | $0.00 | A | 181,390 | D | |
| Common StockF2 | Mar 8, 2017 | A | 12,691 | $0.00 | A | 194,081 | D | |
| Common StockF3 | Mar 8, 2017 | F | 5,276 | $36.25 | D | 188,805 | D | |
| Common Stock | Mar 9, 2017 | M | 11,369 | $13.15 | A | 200,174 | D | |
| Common StockF4 | Mar 9, 2017 | S | 11,369 | $35.49 | D | 188,805 | 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)F5,F6 | $36.25 | Mar 8, 2017 | A | 25,988 | A | Apr 1, 2018 | Mar 8, 2027 | Common Stock | 25,988 | 25,988 | D |
| Option to BuyF7 | $13.15 | Mar 9, 2017 | M | 11,369 | D | Apr 1, 2011 | Mar 26, 2018 | Common Stock | 11,369 | 0 | D |
Explanation of responses
- F1Each restricted stock unit granted on March 8, 2017 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 19, 2014 that vested on March 8, 2017. These units vested as a result of the Company's 2014-2016 relative Total Shareholder Return and 2014-2016 Company average EPS - the applicable performance metrics.
- F3Forfeited shares are related to dollar-denominated performance restricted stock units that vested on March 8, 2017 and were priced based on the closing price of the Company's common stock on March 8, 2017.
- F4Represents the average price of shares sold; full information regarding the number of shares sold and specific prices will be made available upon request to the Company's Office of the General Counsel.
- F5Stock options vest in equal installments over a three-year vesting schedule.
- F6Stock options will expire at the earlier of ten years from the date of grant or three months following termination of employment.
- F7Stock options were granted on 3/26/2008, vested equally over a three-year period, and were fully vested on 4/1/2011.