SEC Form 4 · accession 0001225208-17-003165
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 10, 2017
Accepted (ET)
Feb 14, 2017 · 3:16 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 StockF1,F2 | Feb 10, 2017 | M | 3,801 | $120.50 | A | 28,494 | D | |
| Common Stock (401k) | holding | — | — | — | 20,037 | 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 UnitsF3 | — | Feb 10, 2017 | M | 3,800 | D | Dec 31, 2016 | — | Common Stock | 3,800 | 0 | D |
| Performance Share UnitsF4 | — | Feb 10, 2017 | A | 1,700 | A | Dec 31, 2019 | — | Common Stock | 1,700 | 4,400 | D |
| Stock Appreciation Right | $122.60 | Feb 10, 2017 | A | 1,700 | A | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 1,700 | 1,700 | D |
Explanation of responses
- F1Each performance unit is settled 100% in Vulcan common stock after deducting the amount of taxes due.
- F2Includes 15,209 shares held jointly by the reporting person and his spouse in joint brokerage accounts.
- F3Each 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 four-year award period. At the end of the award period, the Compensation Committee determines the payment amount based on Company performance.
- F4Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2017, 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.