SEC Form 4 · accession 0001354327-18-000068
PGT Innovations, Inc. · PGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney Hershberger
Director
Period of report
Dec 13, 2018
Accepted (ET)
Dec 17, 2018 · 5:09 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 StockF1 | Dec 13, 2018 | M | 38,660 | $2.00 | A | 1,106,139 | D | |
| PGTI Common StockF2,F3 | Dec 13, 2018 | S | 17,934 | $17.23 | D | 1,088,205 | D | |
| PGTI Common StockF1 | Dec 14, 2018 | M | 31,612 | $2.00 | A | 1,119,817 | D | |
| PGTI Common StockF2,F4 | Dec 14, 2018 | S | 16,917 | $17.00 | D | 1,102,900 | 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)F5 | $2.00 | Dec 13, 2018 | M | 38,660 | D | — | Apr 6, 2020 | Common Stock | 38,660 | 633,366 | D |
| Stock Option (Right To Buy)F5 | $2.00 | Dec 14, 2018 | M | 31,612 | D | — | Apr 6, 2020 | Common Stock | 31,612 | 601,754 | D |
Explanation of responses
- F1This transaction was executed pursuant to a letter of instruction from the reporting person whereby reporting person elected to exercise options granted on April 6, 2010.
- F2Shares sold by the reporting person in order to cover both the aggregate exercise price of the options being exercised and taxes arising from that exercise of options.
- F3This transaction was executed in multiple trades ranging from $17.01 to $17.41 per share. The price reported above represents the weighted-average sales price. The reporting person hereby undertakes to provide full information regarding the numbers of shares and prices at which the transactions were affected upon request by the SEC staff, the issuer, or a security holder of the issuer.
- F4This transaction was executed in multiple trades ranging from $17.00 to $17.01 per share. The price reported above represents the weighted-average sales price. The reporting person hereby undertakes to provide full information regarding the numbers of shares and prices at which the transactions were affected upon request by the SEC staff, the issuer, or a security holder of the issuer.
- F5An aggregate of 972,026 options exercisable in five approximately equal annual installments beginning on April 6, 2011.