SEC Form 4 · accession 0001140361-17-035193
GMS Inc. · GMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynn Ross
Officer — Corporate Controller & CAO
Period of report
Sep 8, 2017
Accepted (ET)
Sep 12, 2017 · 4:06 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 Stock | Sep 8, 2017 | M | 5,000 | $14.77 | A | 5,000 | D | |
| Common Stock | Sep 8, 2017 | F | 3,106 | $34.22 | D | 1,894 | 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)F1 | $14.77 | Sep 8, 2017 | M | 5,000 | D | — | Apr 8, 2025 | Common Stock | 5,000 | 5,158 | D |
Explanation of responses
- F1These options are vested with respect to 5,714 underlying shares and, subject to the reporting person's continued employment with the issuer through the applicable vesting date, are scheduled to vest with respect to the remaining 4,444 underlying shares in equal installments on each quarterly anniversary of April 8, 2016, such that the options will be fully vested as of April 8, 2019.