SEC Form 4 · accession 0001225208-16-035073
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Clement
Officer — President - Central Division
Period of report
Jun 13, 2016
Accepted (ET)
Jun 15, 2016 · 4:12 pm EDT
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 | Jun 13, 2016 | M | 1,750 | $43.05 | A | 3,229 | D | |
| Common Stock | Jun 13, 2016 | F | 953 | $115.49 | D | 2,276 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $43.05 | Jun 13, 2016 | M | 1,750 | D | Feb 11, 2011 | Feb 11, 2020 | Common Stock | 1,750 | 1,430 | D |
| Performance Share UnitsF1 | — | holding | — | — | — | Dec 31, 2016 | — | Common Stock | 1,090 | 1,090 | D |
| Performance Share UnitsF2 | — | holding | — | — | — | Dec 31, 2017 | — | Common Stock | 3,600 | 3,600 | D |
| Performance Share UnitsF3 | — | holding | — | — | — | Dec 31, 2018 | — | Common Stock | 3,300 | 3,300 | D |
| Performance Share UnitsF4 | — | holding | — | — | — | Dec 31, 2019 | — | Common Stock | 2,800 | 2,800 | D |
| Phantom Stock (Deferred Compensation)F6,F5 | — | holding | — | — | — | — | — | Common Stock | 1,104 | 1,104 | D |
| Stock Appreciation Right | $70.69 | holding | — | — | — | Feb 7, 2009 | Feb 7, 2018 | Common Stock | 1,890 | 1,890 | D |
| Stock Appreciation Right | $55.41 | holding | — | — | — | Feb 7, 2014 | Feb 7, 2023 | Common Stock | 1,080 | 1,080 | D |
| Stock Appreciation Right | $109.20 | holding | — | — | — | Feb 8, 2008 | Feb 8, 2017 | Common Stock | 2,040 | 2,040 | D |
| Stock Appreciation Right | $47.47 | holding | — | — | — | Feb 12, 2010 | Feb 12, 2019 | Common Stock | 4,520 | 4,520 | D |
| Stock Appreciation Right | $79.41 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2025 | Common Stock | 3,300 | 3,300 | D |
| Stock Appreciation Right | $92.02 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 2,800 | 2,800 | D |
| Stock Appreciation Right | $66.00 | holding | — | — | — | Feb 13, 2015 | Feb 13, 2024 | Common Stock | 3,600 | 3,600 | D |
| Stock Appreciation Right | $43.63 | holding | — | — | — | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 1,370 | 1,370 | 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, 2013 and ends on December 31, 2016. 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.
- F2Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2014 and ends on December 31, 2017. 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.
- F3Performance 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.
- F4Performance 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.
- F5Each share of phantom stock is the economic equivalent of one share of Vulcan common stock. Shares of phantom stock are payable in cash following the reporting person's termination of employment with Vulcan, and may be transferred into an alternative investment account at any time.
- F6Amount reflects exempt transactions since the reporting person's prior Form 4.