SEC Form 4 · accession 0001127602-15-017176
TREX CO INC · TREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Dante Zambanini
Officer — Vice President, Marketing
Period of report
May 12, 2015
Accepted (ET)
May 14, 2015 · 11:44 am EDT
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 | May 12, 2015 | M | 2,438 | $12.685 | A | 26,665 | D | |
| Common Stock | May 12, 2015 | M | 3,708 | $13.10 | A | 30,373 | D | |
| Common Stock | May 12, 2015 | D | 1,617 | $49.1599 | D | 28,756 | D | |
| Common Stock | May 12, 2015 | F | 1,500 | $49.1599 | D | 27,256 | D | |
| Common StockF4 | May 13, 2015 | S | 3,029 | $48.8242 | D | 24,227 | 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 | $12.685 | May 12, 2015 | M | 2,438 | D | Feb 21, 2008 | Feb 21, 2017 | Common Stock | 2,438 | 0 | D |
| Stock Appreciation Right | $13.10 | May 12, 2015 | M | 3,708 | D | Feb 16, 2012 | Feb 16, 2022 | Common Stock | 3,708 | 7,418 | D |
Explanation of responses
- F1Stock Appreciation Rights are being exercised pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on August 11, 2014.
- F21,500 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 sales plan adopted by the reporting person on August 11, 2014.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $48.39 to $49.25, 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.