SEC Form 4 · accession 0001179110-17-004305
Primoris Services Corp · PRIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter J Moerbeek
Officer — Exec. VP, CFO · Director
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 1:31 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 StockF1 | Mar 7, 2017 | A | 3,326 | $17.54 | A | 45,446 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Purchased 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.