SEC Form 4 · accession 0001225208-16-026835
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason P Teter
Officer — President, S&GC Division
Period of report
Feb 12, 2016
Accepted (ET)
Feb 17, 2016 · 5:33 pm 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 Stock | holding | — | — | — | 560 | D | ||
| Common Stock (401k) | holding | — | — | — | 307 | D |
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, 2016 | A | 2,000 | A | Dec 31, 2019 | — | Common Stock | 2,000 | 2,000 | D |
| Stock Appreciation Right | $92.02 | Feb 12, 2016 | A | 2,000 | A | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2016, and ends on December 31, 2019. 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.