SEC Form 4 · accession 0001209191-18-048353
WORTHINGTON ENTERPRISES, INC. · WOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Russell
Officer — Pres/COO, Worthington Industri
Period of report
Aug 22, 2018
Accepted (ET)
Aug 24, 2018 · 3:41 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 Shares | Aug 22, 2018 | M | 40,000 | $13.25 | A | 392,273 | D | |
| Common SharesF1 | Aug 22, 2018 | F | 24,845 | $46.13 | D | 367,428 | D | |
| Common SharesF2 | Aug 22, 2018 | F | 3,905 | $46.13 | D | 363,523 | D | |
| Common SharesF3 | Aug 22, 2018 | D | 3,667 | $0.00 | D | 359,856 | D | |
| Common SharesF2 | Aug 22, 2018 | F | 1,692 | $46.13 | D | 358,164 | D | |
| Common SharesF3 | Aug 22, 2018 | D | 6,389 | $0.00 | D | 351,775 | D | |
| Common SharesF2 | Aug 22, 2018 | F | 131 | $46.13 | D | 351,644 | D | |
| Common SharesF3 | Aug 22, 2018 | D | 9,722 | $0.00 | D | 341,922 | D | |
| Common SharesF4 | holding | — | — | — | 18,068 | I | By 401(k) |
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)F5 | $13.25 | Aug 22, 2018 | M | 40,000 | D | Jul 16, 2010 | Jul 16, 2019 | Common Shares | 40,000 | 0 | D |
Explanation of responses
- F1Represents common shares withheld upon the exercise of the non-qualified stock option reported in Table II in order to satisfy the reporting person's tax withholding obligation upon such exercise.
- F2Represents common shares withheld upon the vesting of restricted common shares in order to satisfy the reporting person's tax withholding obligation upon such vesting.
- F3Represents forfeiture of restricted common shares.
- F4Amount 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 and is based on a plan statement as of 7/31/2018.
- F5This non-qualified stock option was granted out of the Worthington Industries, Inc. Amended and Restated 2003 Stock Option Plan and vested at 20% per year beginning on the first anniversary of the grant date. The date listed is the first day any portion of the option vested.