SEC Form 4 · accession 0001127602-19-006269
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
Adam Dante Zambanini
Officer — Vice President, Marketing
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 3:55 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 StockF2 | Feb 13, 2019 | A | 4,670 | $77.70 | A | 79,706 | D | |
| Common Stock | Feb 13, 2019 | F | 4,442 | $77.70 | D | 75,264 | D | |
| Common Stock | Feb 13, 2019 | A | 2,618 | $77.70 | A | 77,882 | D | |
| Common Stock | Feb 13, 2019 | A | 3,740 | $77.70 | A | 81,622 | D | |
| Common Stock | Feb 14, 2019 | F | 295 | $78.34 | D | 81,327 | 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 | 2,950 | A | Feb 13, 2019 | Feb 13, 2029 | Common Stock | 2,950 | 2,950 | D |
Explanation of responses
- F1Represents net share difference between target performance-based shares and actual vested shares, based upon actual performance for the Company.
- F2On June 18, 2018, the Company effectuated a two-for-one stock split to common shareholders of record on May 23,2018. The amounts set forth in this Form 4 and all subsequent reports filed report the amounts adjusted to reflect the stock split.
- F34,442 shares are being surrendered as allowed by the Company's 2014 Stock Incentive Plan to cover the payment of taxes currently due on the exercise of SARs.
- F4This restricted stock unit vests over a three-year period in three equal annual installments beginning on the first anniversary of the grant date.
- F5This 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.
- F6295 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.
- F7This stock appreciation right becomes exercisable in three equal annual installments beginning on the first anniversary of the grant date.