SEC Form 4 · accession 0001209191-16-129223
MASTEC INC · MTZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Apple
Officer — COO
Period of report
Jun 20, 2016
Accepted (ET)
Jun 22, 2016 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000015615
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 20, 2016 | M | 40,000 | $12.93 | A | 243,567 | D | |
| Common StockF1 | Jun 20, 2016 | S | 40,000 | $23.57 | D | 203,567 | D | |
| Common Stock | holding | — | — | — | 851 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $12.93 | Jun 20, 2016 | M | 40,000 | D | Aug 3, 2006 | Aug 3, 2016 | Common Stock | 40,000 | 60,000 | D |
Explanation of responses
- F1These sales were related to the exercise of a portion of 100,000 stock options which were set to expire on August 3, 2016. Proceeds of the sale were used to exercise the options, pay related income taxes and diversify the investment portfolio of Mr. Apple. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.50 to $23.70, inclusive. The reporting person undertakes to provide to MasTec, Inc., a Florida corporation ("MasTec"), any security holder of MasTec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.