SEC Form 4 · accession 0001354327-17-000069
PGT Innovations, Inc. · PGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Morgan
Director
Period of report
Nov 20, 2017
Accepted (ET)
Nov 21, 2017 · 4:34 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| PGTI Common Stock | Nov 20, 2017 | M | 41,395 | $1.98 | A | 92,069 | D | |
| PGTI Common StockF1 | Nov 20, 2017 | S | 41,395 | $15.71 | D | 50,674 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F2 | $1.98 | Nov 20, 2017 | M | 41,395 | D | — | Apr 7, 2020 | PGTI Common Stock | 41,395 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.70 to $15.725 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2An aggregate of 131,717 stock options were granted to the reporting person on April 7, 2010. The dates on which those options became exercisable are as follows: 16,129 of the options were immediately exercisable on the grant date; 24,193 of the options became exercisable in three approximately equal installments on each of July 3, 2010, October 2, 2010 and January 1, 2011; and 91,395 of the options became exercisable in three equal installments on each of April 7 2011, April 7, 2012 and April 7, 2013.
- F3Represents the remaining number of currently-exercisable stock options granted to the reporting person on April 7, 2010 that have not yet been exercised.