SEC Form 4 · accession 0001225208-15-004131
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald M James
Director
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
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 12, 2015 | M | 33,940 | $78.00 | A | 171,428 | D | |
| Common Stock | holding | — | — | — | 14,529 | I | By GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF2 | — | Feb 12, 2015 | M | 66,300 | D | — | — | Common Stock | 66,300 | 0 | D |
Explanation of responses
- F1Each performance unit is settled 100% in Vulcan common stock after deducting the amount of taxes due.
- F2Each 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.