SEC Form 4 · accession 0001562180-18-000760
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Thomas Hill
Officer — President & CEO · Director
Period of report
Feb 9, 2018
Accepted (ET)
Feb 13, 2018 · 4:55 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 | Feb 9, 2018 | M | 20,000 | $121.47 | A | 64,713 | D | |
| Common StockF1 | Feb 9, 2018 | F | 7,865 | $121.47 | D | 56,848 | D | |
| Common Stock (401k) | holding | — | — | — | 18,135 | 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 UnitsF2 | — | Feb 9, 2018 | M | 12,500 | D | Dec 31, 2017 | — | Common Stock | 12,500 | 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 four-year award period. At the end of the award period, the Compensation Committee determines the payment amount based on pre-established performance criteria.