SEC Form 4 · accession 0001209191-16-096432
FLUOR CORP · FLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Armando J Olivera
Director
Period of report
Feb 5, 2016
Accepted (ET)
Feb 8, 2016 · 5:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001124198
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom stock unitsF1,F2 | — | Feb 5, 2016 | A | 641 | A | — | — | Common Stock | 641 | 7,686 | D |
Explanation of responses
- F1Each phantom stock unit is the economic equivalent of one share of Fluor common stock.
- F2These phantom units were acquired under the Fluor Corporation 409A Director Deferred Compensation Program (the "Program") and are to be settled in cash. Distributions will be made, at the election of the reporting person, either (i) in the distribution year specified by the reporting person or (ii) upon the reporting person's termination of service as a director, death or disability, in a single lump sum payment or annual installment payments over a period of two to ten years. The reporting person may transfer the phantom units into an alternative investment at any time. However, unvested units granted as matching contributions under the Program shall be forfeited by the reporting person to the extent attributable to the transferred units.