SEC Form 4 · accession 0001179110-17-004303
Primoris Services Corp · PRIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M. Perisich
Officer — Executive VP & General Counsel
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 1:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001361538
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1 | Mar 7, 2017 | A | 3,326 | $17.54 | A | 142,801 | I | Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares are owned directly by the Perisich Family Trust dated July 11, 2007 and indirectly by John M. Perisich, as trustee of the trust. Mr. Perisich is Executive Vice President, General Counsel of Primoris.
- F2Purchased Common Stock shares as part of the Company's Long-Term Retention Plan. The Plan provides certain management employees the opportunity to purchase Company stock with a defined portion of their annual incentive compensation at a discount to the market price. Purchase made through payroll deductions in March 2017, share certificates received on March 7, 2017. Purchases were made at a 25% reduction to the average closing price during January 2017. Shares cannot be sold for 6 months.