SEC Form 4 · accession 0001209191-16-130379
WORTHINGTON ENTERPRISES, INC. · WOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
B Andrew Rose
Officer — CFO
Period of report
Jun 30, 2016
Accepted (ET)
Jul 1, 2016 · 12:13 pm EDT
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 SharesF1 | Jun 30, 2016 | A | 12,000 | $0.00 | A | 431,535 | D | |
| Common SharesF2 | Jun 30, 2016 | A | 4,883 | $0.00 | A | 436,418 | D | |
| Common SharesF3 | Jun 30, 2016 | F | 2,733 | $42.30 | D | 433,685 | D | |
| Common Shares | holding | — | — | — | 1,187 | I | By spouse | |
| Common Shares | holding | — | — | — | 10,665 | I | Custodian for daughter, Sydney Rose | |
| Common Shares | holding | — | — | — | 10,665 | I | Custodian for daughter, Hannah Rose |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified stock option (right to buy)F4 | $42.30 | Jun 30, 2016 | A | 13,500 | A | Jun 30, 2017 | Jun 30, 2026 | common shares | 13,500 | 13,500 | D |
Explanation of responses
- F1An award of restricted stock was granted pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date (6/30/19).
- F2A long-term performance share award was granted on June 1, 2013 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. Common Shares were to be earned based on the level of achievement of specified performance objectives over the three-year period ended May 31, 2016. On June 28, 2016, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares based on the performance of the Company for the three year period ended May 31, 2016.
- F3Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
- F4This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option will vest. Additional portions of 33.33% of the option vest annually on 6/26/17 and 6/26/18.