SEC Form 4 · accession 0001354327-16-000142
PGT Innovations, Inc. · PGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney Hershberger
Officer — CHAIRMAN and CEO · Director
Period of report
Jul 6, 2016
Accepted (ET)
Jul 8, 2016 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001354327
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 shareF1 | Jul 6, 2016 | M | 100,000 | $2.00 | A | 1,058,343 | D | |
| Common Stock, par value $0.01 per shareF1,F2 | Jul 6, 2016 | S | 20,400 | $11.01 | D | 1,037,943 | D | |
| Common Stock, par value $0.01 per shareF1,F3 | Jul 7, 2016 | S | 29,600 | $11.07 | D | 1,008,343 | D | |
| Common Stock, par value $0.01 per shareF1,F4 | Jul 8, 2016 | S | 50,000 | $11.43 | D | 958,343 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF5 | $2.00 | Jul 6, 2016 | M | 100,000 | D | — | Apr 6, 2020 | Common Stock | 100,000 | 872,026 | D |
Explanation of responses
- F1Transaction was effected pursuant to a binding Trading Plan executed by the reporting person on June 14, 2016.
- F2This transaction was executed in multiple trades at prices ranging from $11.00 to $11.02 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 requested by the SEC staff, the issuer, or a security holder of the issuer.
- F3This transaction was executed in multiple trades at prices ranging from $11.00 to $11.24 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 requested by the SEC staff, the issuer, or a security holder of the issuer.
- F4This transaction was executed in multiple trades at prices ranging from $11.25 to $11.53 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 requested by the SEC staff, the issuer, or a security holder of the issuer.
- F5The option grant was approved by the board of directors of PGT, Inc. (the "Company") under the PGT, Inc. Amended and Restated 2006 Equity Incentive Plan on March 18, 2010, subject to stockholder approval of the Amended and Restated 2006 Equity Incentive Plan. The Company's stockholders approved the Amended and Restated 2006 Equity Incentive Plan on April 6, 2010. The option became exercisable in five equal installments beginning on April 6, 2011.