SEC Form 4 · accession 0001209191-18-040558
WORTHINGTON ENTERPRISES, INC. · WOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P/oh McConnell
Officer — Chairman/Chief Exec Officer · Director
Period of report
Jun 28, 2018
Accepted (ET)
Jul 3, 2018 · 10:18 am 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 28, 2018 | A | 20,000 | $0.00 | A | 1,675,472 | D | |
| Common Shares | Jun 29, 2018 | M | 100,000 | $20.21 | A | 1,775,472 | D | |
| Common Shares | holding | — | — | — | 12,415,982 | I | By JMAC, Inc. | |
| Common Shares | holding | — | — | — | 2,428,312 | I | By the Porter Rardin Trust f/b/o John P. McConnell and Margaret Kollis | |
| Common Shares | holding | — | — | — | 6,948 | I | As custodian for his son, C.R.McConnell | |
| Common Shares | holding | — | — | — | 6,118 | I | By Spouse, Amy McConnell, as custodian for her son, Luke A. Edmonds | |
| Common Shares | holding | — | — | — | 118,000 | I | By The McConnell Family Trust | |
| Common Shares | holding | — | — | — | 255,875 | I | By The Margaret R. McConnell Trust f/b/o Margaret Kollis | |
| Common SharesF2 | holding | — | — | — | 25,240 | I | By the Worthington Industries, Inc. Deferred Profit Sharing Plan |
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 acquire)F3 | $42.91 | Jun 28, 2018 | A | 22,000 | A | Jun 28, 2019 | Jun 28, 2028 | Common Shares | 22,000 | 22,000 | D |
| Non-qualified stock option (right to acquire)F4 | $20.21 | Jun 29, 2018 | M | 100,000 | D | Jul 1, 2009 | Jul 1, 2018 | Common Shares | 100,000 | 0 | 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 (6/28/2021).
- F2Amount listed is the most up-to-date information available regarding holdings in the Company Stock Fund under the Worthington Industries, Inc. Deferred Profit Sharing Plan Fund and is based on a plan statement as of 6/30/2018.
- F3This 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 6/28/2020 and 6/28/2021.
- F4This option was granted out of the Worthington Industries, Inc. 2003 Stock Option Plan and vested at 20% per year beginning on the first anniversary of the grant date (7/01/2008). Date listed is the first day any portion of the option vested. Additional portions of 20% of the option vested annually on 7/1/2010, 7/1/2011, 7/1/2012 and 7/1/2013.