SEC Form 4 · accession 0001209191-16-137339
Builders FirstSource, Inc. · BLDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Floyd F Sherman
Officer — Chief Executive Officer · Director
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 6:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001316835
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per share | Aug 12, 2016 | M | 35,753 | $3.15 | A | 559,963 | D | |
| Common Stock, par value $0.01 per shareF1 | Aug 12, 2016 | S | 35,753 | $12.25 | D | 524,210 | D | |
| Common Stock, par value $0.01 per share | Aug 15, 2016 | M | 100,000 | $3.15 | A | 624,210 | D | |
| Common Stock, par value $0.01 per shareF2 | Aug 15, 2016 | S | 100,000 | $12.45 | D | 524,210 | D | |
| Common Stock, par value $0.01 per share | Aug 16, 2016 | M | 100,000 | $3.15 | A | 624,210 | D | |
| Common Stock, par value $0.01 per shareF3 | Aug 16, 2016 | S | 100,000 | $12.37 | D | 524,210 | D | |
| Common Stock, par value $0.01 per share | Aug 16, 2016 | M | 130,000 | $7.15 | A | 654,210 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4,F5 | $3.15 | Aug 12, 2016 | M | 35,753 | D | — | Jan 16, 2022 | Common Stock | 35,753 | 200,000 | D |
| Employee Stock Option (right to buy)F4,F5 | $3.15 | Aug 15, 2016 | M | 100,000 | D | — | Jan 16, 2022 | Common Stock | 100,000 | 100,000 | D |
| Employee Stock Option (right to buy)F4,F5 | $3.15 | Aug 16, 2016 | M | 100,000 | D | — | Jan 16, 2022 | Common Stock | 100,000 | 0 | D |
| Employee Stock Option (right to buy)F6,F7 | $7.15 | Aug 16, 2016 | M | 130,000 | D | — | May 22, 2018 | Common Stock | 130,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $12.12 to $12.33 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request by the SEC staff, the issuer, or a security holder of the issuer.
- F2This transaction was executed in multiple trades at prices ranging from $12.35 to $12.56 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request by the SEC staff, the issuer, or a security holder of the issuer.
- F3This transaction was executed in multiple trades at prices ranging from $12.26 to $12.40 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request by the SEC staff, the issuer, or a security holder of the issuer.
- F4Award issued under the Company's 1998 Stock Incentive Plan.
- F5The option was granted on January 16, 2002 and vested in 25% increments on each of September 1, 2002-2005.
- F6Award issued under the Company's 2005 Incentive Plan.
- F7The option was granted on May 22, 2008 and vested in 33.3% increments on each of February 26, 2009-2011.