SEC Form 4 · accession 0001562180-19-000993
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stanley G Bass
Officer — Chief Growth Officer
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 6:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396009
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Retention GrantF1,F2 | — | Feb 12, 2019 | M | 14,000 | D | Feb 12, 2019 | Feb 12, 2019 | Common Stock | 14,000 | 0 | D |
| Phantom Stock (Deferred Comp Retention Grant)F4,F3,F5 | — | Feb 12, 2019 | M | 13,534 | A | — | — | Common Stock | 13,534 | 13,534 | D |
Explanation of responses
- F1Each retention stock unit represents a right to receive one share of Vulcan common stock.
- F2Represents vesting of previously reported retention stock units granted on February 12, 2015.
- F3Convertible on a 1-for-1 basis.
- F4Each retention stock unit is settled 100% in Vulcan common stock after deducting the amount of taxes due.
- F5In accordance with the terms of Vulcan's Deferred Compensation Plan and instructions previously provided by the reporting person pursuant thereto, each share of phantom stock will settle for a share of Vulcan common stock the year following the year of retirement of the reporting person.