SEC Form 4/A · accession 0001179110-18-010507
GMS Inc. · GMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Theron I Gilliam
Director
Period of report
Aug 1, 2018
Accepted (ET)
Aug 10, 2018 · 4:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001600438
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Aug 1, 2018 | A | 4,101 | A | — | — | Common Stock | 4,101 | 4,101 | D |
| Stock Option (Right to Buy)F4 | — | Aug 1, 2018 | A | 0 | A | — | — | Common Stock | — | 0 | D |
Explanation of responses
- F1On August 3, 2018, the reporting person timely filed a Form 4 to reflect the grant of stock awards pursuant to the issuer's director compensation program (the "Original Form 4"). While the Original Form 4 timely reported the aggregate value of the stock award, the Original Form 4 inadvertently reported such stock award as having been granted 50% in the form of restricted stock units and 50% in the form of stock options, when, in fact, the stock award was granted 100% in the form of restricted stock units. This amendment to the Original Form 4 is being filed to correctly reflect the grant of the stock award 100% in the form of restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F3Subject to the reporting person's continued service as a director of the issuer through the applicable vesting date, these restricted stock units are scheduled to vest on August 1, 2019 and will be settled, with respect to vested restricted stock units, in shares of the issuer's common stock no later than 30 days after each applicable vesting date.
- F4As described in footnote (1) herein, the options previously reported on the Original Form 4 were, in fact, not granted.