SEC Form 4 · accession 0001209191-17-015872
Fortune Brands Innovations, Inc. · FBIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheri Grissom
Officer — SVP - Human Resources
Period of report
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 4:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001519751
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01F2 | Feb 27, 2017 | A | 3,170 | $0.00 | A | 18,090 | D | |
| Common Stock, Par Value $0.01F4 | Feb 28, 2017 | F | 2,485 | $57.83 | D | 15,605 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy)F6 | $58.21 | Feb 27, 2017 | A | 13,630 | A | — | Feb 28, 2027 | Common Stock | 13,630 | 13,630 | D |
Explanation of responses
- F1Reflects the grant of restricted stock units awarded to the reporting person that vest in three equal annual installments, subject to continued employment through such vesting dates. Each restricted stock until represents a contingent right to receive one share of the issuer's common stock.
- F2Includes a total of 15,036 restricted stock units that have not yet vested.
- F3Reflects the withholding by the issuer of shares having a fair market value equal to the withholding taxes payable by the undersigned at the time the RSU award vested and became payable, such transaction being exempt under Rule 16b-3(e).
- F4Includes a total of 9,603 restricted stock units that have not yet vested.
- F5Reflects the grant of options under the issuer's Long-Term Incentive Plan.
- F6The options vest in three equal annual installments beginning on February 28, 2018.