SEC Form 4 · accession 0001209191-17-029179
Fortune Brands Innovations, Inc. · FBIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Randich
Officer — President MasterBrand Cabinets
Period of report
Apr 28, 2017
Accepted (ET)
May 2, 2017 · 4:17 pm EDT
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 | Apr 28, 2017 | F | 11,545 | $63.74 | D | 114,549 | D | |
| Common Stock, Par Value $0.01F2 | May 1, 2017 | M | 15,400 | $19.46 | A | 129,949 | D | |
| Common Stock, Par Value $0.01F2 | May 1, 2017 | M | 33,400 | $33.10 | A | 163,349 | D | |
| Common Stock, Par Value $0.01F3,F2 | May 1, 2017 | S | 72,646 | $63.5298 | D | 90,703 | 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) | $19.46 | May 1, 2017 | M | 15,400 | D | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 15,400 | 0 | D |
| Options (Right to Buy) | $33.10 | May 1, 2017 | M | 33,400 | D | Feb 28, 2014 | Feb 25, 2023 | Common Stock | 33,400 | 0 | D |
Explanation of responses
- F1Reflects 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).
- F2Includes a total of 40,672 restricted stock units that have not yet vested.
- F3The price reported is the weighted average price. The shares were sold in multiple transactions at prices ranging from $63.4650 to $63.63, inclusive. The reporting person undertakes to provide to the SEC, the issuer and any security holder full information regarding the number of shares and the prices at which the shares were sold.