SEC Form 4 · accession 0001127602-18-031889
Quanex Building Products CORP · NX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leroy D Nosbaum
Director
Period of report
Nov 1, 2018
Accepted (ET)
Nov 2, 2018 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001423221
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 1, 2018 | M | 3,610 | $0.00 | A | 6,110 | D | |
| Common StockF1 | Nov 1, 2018 | D | 3,610 | $15.31 | D | 2,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Nov 1, 2018 | A | 5,184 | A | — | — | Common Stock | 5,184 | 24,840 | D |
| Restricted Stock UnitsF2,F4 | — | Nov 1, 2018 | M | 3,610 | D | — | — | Common Stock | 3,610 | 21,230 | D |
Explanation of responses
- F1Represents the total number of restricted stock units that were settled in cash pursuant to their terms.
- F2Each restricted stock unit represents a contingent right to receive cash in an amount equivalent to the value of one share of NX common stock.
- F3The restricted stock unit will vest immediately, but will not become payable until the director's death, disability, or cessation of service on the board, or in the event of a change in control.
- F4The restricted stock unit vested immediately and became payable on the one-year anniversary of its grant, pursuant to the payment election made by the grantee.