SEC Form 4 · accession 0001127602-19-006249
TREX CO INC · TREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 13, 2019 | A | 16,289 | $77.70 | A | 79,458 | D | |
| Common Stock | Feb 13, 2019 | F | 14,944 | $77.70 | D | 64,514 | D | |
| Common Stock | Feb 13, 2019 | A | 6,757 | $77.70 | A | 71,271 | D | |
| Common Stock | Feb 13, 2019 | A | 9,653 | $77.70 | A | 80,924 | D | |
| Common Stock | Feb 14, 2019 | F | 968 | $78.34 | D | 79,956 | 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 | $77.70 | Feb 13, 2019 | A | 7,612 | A | Feb 13, 2019 | Feb 13, 2029 | Common Stock | 7,612 | 0 | D |
Explanation of responses
- F1Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company.
- F214,944 shares are being surrendered as allowed by the Company's 2014 Stock Incentive Plan to cover payment of taxes currently due on previously granted restricted shares.
- F3This restricted stock unit vests over a three-year period in three equal annual installments beginning on the first anniversary of the grant date.
- F4This 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.
- F5968 shares are being surrendered as allowed by the Company's 2014 Stock Incentive Plan to cover payment of taxes currently due on previously granted restricted stock units.
- F6This stock appreciation right becomes exercisable in three equal annual installments beginning on the first anniversary of the grant date.
Remarks
1. Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company. 2. 15,363 shares are being surrendered as allowed by the Company's 2014 Stock Incentive Plan to cover payment of taxes currently due on previously granted restricted shares. 3. This restricted stock unit vests over a three-year period in three equal annual installments beginning on the first anniversary of the grant date. 4. This 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 target number of shares. 5. This stock appreciation right becomes exercisable in three equal installments beginning on the first anniversary of the grant date.