SEC Form 4 · accession 0001562180-19-000909
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Mills
Officer — Chief Administrative Officer
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 7:01 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 8, 2019 | M | 10,579 | $101.86 | A | 51,470 | D | |
| Common StockF2 | Feb 8, 2019 | F | 3,257 | $101.86 | D | 48,213 | D | |
| Common Stock (401k) | holding | — | — | — | 9,826 | 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 8, 2019 | M | 7,100 | D | Dec 31, 2018 | — | Common Stock | 7,100 | 0 | D |
Explanation of responses
- F1Represents shares sold by the Company for tax withholding.
- F2Each performance unit is settled 100% in Vulcan common stock after deducting the amount of taxes due.
- 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 pre-established performance criteria.