SEC Form 4 · accession 0001301787-18-000117
BlueLinx Holdings Inc. · BXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald K. Herrin
Officer — VP, Procurement
Period of report
Jul 16, 2018
Accepted (ET)
Jul 19, 2018 · 4:57 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 | Jul 16, 2018 | M | 28,000 | $7.00 | A | 29,869 | D | |
| Common StockF1,F2 | Jul 16, 2018 | D | 28,000 | $38.17 | D | 1,869 | 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 RightsF1 | $7.00 | Jul 16, 2018 | M | 28,000 | D | Jul 16, 2018 | — | Common Stock | 28,000 | 0 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | Jul 20, 2018 | — | Common Stock | 1,500 | 1,500 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | — | — | Common Stock | 904 | 904 | D |
Explanation of responses
- F1Represent cash-settled stock appreciation rights (SARs) that vested on July 16, 2018. The SARs will be settled in two cash 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.
- F2Represents the "fair market value" of each SAR. The fair market value is equal to the average closing price for one share of BlueLinx Holdings Inc. common stock for the 20 trading days ending on the vesting date.
- F3Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. common stock.
- F4The restricted stock units vest on July 20, 2018. Vested shares will be delivered to the reporting person not later than 30 days thereafter.
- F5The restricted stock units vest in three equal annual installment commencing June 8, 2019. Vested shares will be delivered to the reporting person not later than 30 days after each vesting date.