SEC Form 4 · accession 0001127602-19-006267
TREX CO INC · TREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Jay T Scripter
Officer — Vice President, Operations
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 3:53 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 13, 2019 | A | 6,111 | $77.70 | A | 36,949 | D | |
| Common Stock | Feb 13, 2019 | F | 3,881 | $77.70 | D | 33,068 | D | |
| Common Stock | Feb 13, 2019 | A | 1,978 | $77.70 | A | 35,046 | D | |
| Common Stock | Feb 13, 2019 | A | 2,826 | $77.70 | A | 37,872 | D | |
| Common Stock | Feb 14, 2019 | F | 379 | $78.34 | D | 37,493 | 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 | 2,229 | A | Feb 13, 2019 | Feb 13, 2029 | Common Stock | 2,229 | 2,229 | D |
Explanation of responses
- F1Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company.
- F23,881 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.
- 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.
- F5379 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.
- F6This stock appreciation right becomes exercisable in three equal annual installments beginning on the first anniversary of the grant date.