SEC Form 4 · accession 0001301787-16-000196
BlueLinx Holdings Inc. · BXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shyam K. Reddy
Officer — SVP, GC, and Corp Secretary
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 6:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001301787
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 1, 2016 | M | 50,000 | — | A | 50,000 | D | |
| Common Stock | Jun 1, 2016 | F | 16,675 | $0.70 | D | 33,325 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2 | $0.70 | May 31, 2016 | A | 1,350,000 | A | Jul 16, 2018 | — | Common Stock | 1,350,000 | 1,350,000 | D |
| Restricted Stock UnitsF1,F3 | — | Jun 1, 2016 | M | 50,000 | D | — | — | Common Stock | 50,000 | 100,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. common stock.
- F2Vested stock appreciation rights shall be automatically exercised on the vesting date, with payment made in two installments as follows: (i) 50% payable within thirty days of the vesting date and (ii) 50% payable in 2019, no later than August 15, 2019.
- F3The remainder of the restricted stock units vest 50% on June 1, 2017 and 50% on June 1, 2018. Vested shares will be delivered to the reporting person not later than 30 days thereafter.