SEC Form 4 · accession 0001225208-15-004125
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ejaz A Khan
Officer — VP, Controller & CIO
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 8:20 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396009
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1 | — | Feb 12, 2015 | M | 4,000 | D | Dec 31, 2014 | — | Common Stock | 4,000 | 0 | D |
| Performance Share UnitsF2 | — | Feb 12, 2015 | A | 3,200 | A | Dec 31, 2018 | — | Common Stock | 3,200 | 3,200 | D |
| Phantom Stock (Deferred Comp DSUs/PSUs)F5,F3,F4 | — | Feb 12, 2015 | M | 3,740 | A | — | — | Common Stock | 3,740 | 10,051 | D |
| Stock Appreciation Right | $79.41 | Feb 12, 2015 | A | 3,200 | A | Feb 12, 2016 | Feb 12, 2025 | Common Stock | 3,200 | 3,200 | D |
Explanation of responses
- F1Each performance unit is settled 100% in Vulcan common stock after deducting the amount of taxes due on a payment date determined by the Compensation Committee. Performance Share Units vest at December 31 following a three-year award period. At the end of the award period, the Compensation Committee determines the payment amount based on Company performance.
- F2Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2015 and ends on December 31, 2018. At the end of the Performance Period, the Compensation Committee determines the payment amount based on Company performance relative to the S&P 500 Index, of which the Company is a member. The payment is made 100% in stock on a payment date determined by the Compensation Committee. The fair market value of the award is not determinable until the payment date.
- F3Convertible on a 1-for-1 basis.
- F4The units are to be settled in Vulcan common stock the year following the year of retirement of the reporting person.
- F5Each performance unit is settled 100% in Vulcan common stock after deducting the amount of taxes due.