SEC Form 4 · accession 0001127602-18-008317
TREX CO INC · TREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Cline
Officer — President and CEO · Director
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 12:42 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 22, 2018 | M | 9,286 | $12.78 | A | 68,736 | D | |
| Common Stock | Feb 22, 2018 | D | 1,117 | $106.27 | D | 67,619 | D | |
| Common StockF3 | Feb 22, 2018 | S | 300 | $102.9167 | D | 67,319 | D | |
| Common StockF4 | Feb 22, 2018 | S | 1,500 | $104.3233 | D | 65,819 | D | |
| Common StockF5 | Feb 22, 2018 | S | 1,800 | $105.2956 | D | 64,019 | D | |
| Common StockF6 | Feb 22, 2018 | S | 5,300 | $106.5217 | D | 58,719 | D | |
| Common StockF7 | Feb 22, 2018 | S | 3,187 | $107.5529 | D | 55,532 | D | |
| Common StockF8 | Feb 22, 2018 | S | 413 | $108.3812 | D | 55,119 | D | |
| Common StockF9 | Feb 22, 2018 | S | 500 | $111.852 | D | 54,619 | D | |
| Common Stock | Feb 22, 2018 | S | 500 | $115.42 | D | 54,119 | D | |
| Common StockF10 | Feb 23, 2018 | S | 7,300 | $105.9987 | D | 46,819 | D | |
| Common Stock | Feb 23, 2018 | S | 869 | $106.99 | D | 45,950 | 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 | $12.78 | Feb 22, 2018 | M | 9,286 | D | Feb 15, 2013 | Feb 15, 2022 | Common Stock | 9,286 | 9,286 | 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 24, 2017.
- F10The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $105.90 to $106.26, inclusive.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on August 24, 2017.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.56 to $103.24, 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 (3) to this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $103.88, to $104.75, inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $105.01 to $105.85, inclusive.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $$106.01 to $106.99, inclusive.
- F7The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $107.01 to $108, inclusive.
- F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $108.05 to $109.02, inclusive.
- F9The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $111.20 to $112.97, inclusive.