SEC Form 4 · accession 0001209191-18-014522
Fortune Brands Innovations, Inc. · FBIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P. Bauer
Officer — President, Master Lock
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 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 26, 2018 | A | 4,198 | $0.00 | A | 32,035 | 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)F4 | $63.51 | Feb 26, 2018 | A | 18,846 | A | — | Feb 28, 2028 | Common Stock | 18,846 | 18,846 | 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. Mr. Bauer elected to defer receipt of this grant (upon vesting) pursuant to the Fortune Brands Home & Security Deferred Compensation Plan.
- F2Includes a total of 13,428 restricted stock units that have not yet vested and 1,248 shares for which Mr. Bauer has elected to defer receipt.
- F3Reflects the grant of options under the issuer's Long-Term Incentive Plan.
- F4The options vest in three equal annual installments beginning on February 28, 2019.