SEC Form 4 · accession 0001127602-16-042125
TREX CO INC · TREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Cline
Officer — President and CEO
Period of report
Feb 17, 2016
Accepted (ET)
Feb 18, 2016 · 3:32 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 17, 2016 | D | 233 | $35.09 | D | 70,732 | D | |
| Common Stock | Feb 17, 2016 | A | 1,115 | $35.09 | A | 71,847 | D | |
| Common Stock | Feb 17, 2016 | A | 14,249 | $35.09 | A | 86,096 | D | |
| Common Stock | Feb 17, 2016 | A | 14,249 | $35.09 | A | 100,345 | D | |
| Common Stock | Feb 17, 2016 | F | 1,619 | $35.09 | D | 98,726 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company.
- F2This restricted stock unit vests over a three-year period in three equal annual installments beginning on the first anniversary of the grant date.
- F3This restricted stock unit award is performance-based, and vests over a three-year period in three equal installments beginning on the first anniversary of the grant date. The number of shares set forth above is the target number of shares. The number of shares that will actually vest each year will be based upon performance against certain financial goals for the Company, and will range from 0% to 200% of the target number of shares.
- F41,619 shares are being surrendered as allowed by the Company's 2005 Stock Incentive Plan and the Company's 2014 Stock Incentive Plan to cover the payment of taxes currently due on previously granted restricted shares.