SEC Form 4 · accession 0001209191-15-018318
WORTHINGTON ENTERPRISES, INC. · WOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Karmanos
Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 11:33 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000108516
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | holding | — | — | — | 86,240 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4,F1,F2,F3 | — | Feb 23, 2015 | A | 49 | A | — | — | common shares | 49 | 71,973 | D |
Explanation of responses
- F1The accounts track common shares on a one-for-one basis
- F2Prior to October 1, 2014, the account balances related to the theoretical common shares could be immediately transferred to other investment options under the terms of the deferred compensation plans.
- F3The Company amended the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors (the "Plan") effective October 1, 2014. The Amendment includes a provision that effective October 1, 2014 and thereafter any amount credited in a participant's account to the phantom stock fund (i.e. theoretical Company common shares deemed investment option) may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. Distributions are made only in common shares of the Company and generally commence upon the leaving the Company's Board of Directors.
- F4The amount shown reflect an additional 416 theoretical common shares (i.e. phantom stock) which were credited on December 29, 2014 pursuant to the dividend reinvestment feature of Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors