SEC Form 4 · accession 0001140361-16-068272
GMS Inc. · GMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig D Apolinsky
Officer — VP, GC & Corporate Secretary
Period of report
Jun 1, 2016
Accepted (ET)
Jun 2, 2016 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001600438
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 1, 2016 | P | 4,700 | $21.00 | A | 4,700 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $23.11 | Jun 2, 2016 | A | 53,898 | A | — | Jun 2, 2026 | Common Stock | 53,898 | 53,898 | D |
Explanation of responses
- F1The reporting person purchased these shares in connection with the closing of the initial public offering of the issuer (the "IPO") at the IPO price of $21.00 per share pursuant to the directed share program described in the issuer's registration statement. The shares are subject to a lock-up provision for a period of 180 days, as required under a lock-up agreement with the underwriters of the IPO.
- F2This option is scheduled to vest, subject to the reporting person's continued employment with the issuer through the applicable vesting date, as to 25% of the underlying shares on the first anniversary of June 2, 2016 (the "Date of Grant") and thereafter as to 6.25% of the underlying shares on each quarterly anniversary of the Date of Grant such that the option will be fully vested on the fourth anniversary of the Date of Grant. In the event of a change in control of the issuer, this option will become fully vested and exercisable.