SEC Form 4 · accession 0001127602-15-008809
TREX CO INC · TREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Cline
Officer — Senior Vice President and CFO
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 4:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001069878
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 25, 2015 | M | 8,236 | $6.72 | A | 91,608 | D | |
| Common Stock | Feb 25, 2015 | M | 13,721 | $8.705 | A | 105,329 | D | |
| Common Stock | Feb 25, 2015 | D | 3,613 | $48.38 | D | 101,716 | D | |
| Common Stock | Feb 25, 2015 | F | 8,751 | $48.38 | D | 92,965 | D | |
| Common StockF4 | Feb 25, 2015 | S | 17,500 | $49.0137 | D | 75,465 | D | |
| Common StockF5 | Feb 27, 2015 | S | 9,593 | $51.0452 | D | 65,872 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $6.72 | Feb 25, 2015 | M | 8,236 | D | Feb 18, 2010 | Feb 18, 2019 | Common Stock | 8,236 | 0 | D |
| Stock Appreciation Right | $8.705 | Feb 25, 2015 | M | 13,721 | D | Feb 17, 2011 | Feb 17, 2020 | Common Stock | 13,721 | 23,329 | D |
Explanation of responses
- F1Stock Appreciation Rights are being exercised pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2014.
- F28,751 shares are being surrendered as allowed by the Company's 2005 Stock Incentive Plan to cover the payment of taxes currently due on the exercise of SARs.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2014..
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.585 to $49.19, inclusive. The reporting person undertakes to provide Trex Company, Inc., any security holder of Trex Company, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote (4) to this Form 4.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $50.30 to $51.27, inclusive. The reporting person undertakes to provide Trex Company, Inc. any security holder of Trex Company, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote (5) to this Form 4.