SEC Form 4 · accession 0001144204-18-041999

Limbach Holdings, Inc. · LMB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Operations Officer

Period of report

Aug 1, 2018

Accepted (ET)

Aug 3, 2018 · 9:04 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001606163

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Aug 1, 2018	M	4,167	—	A	10,482	D
Common Stock	Aug 1, 2018	S	1,277	$11.17	D	9,205	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Aug 1, 2018	M	4,167	D	—	—	Common Stock	4,167	16,666	D

F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Limbach Holdings, Inc. common stock, exempt under Rule 16b-3(d)(1) & (3).
F2This award of RSUs was granted on 08/30/2017. 50% of the award is subject to service-based vesting conditions and vests in equal installments on each of August 30, 2017, August 1, 2018 and August 1, 2019, subject to continued employment through the applicable vesting date. The remaining 50% of the award will vest upon the achievement of a specified target share price of the Company's common stock on the Nasdaq Capital Market or other applicable principal securities exchange on which the Company's shares are then listed between August 1, 2018 and August 1, 2021, subject to continued employment from August 1, 2017 through the later of July 31, 2019 and the date on which the Compensation Committee of the Board of Directors certifies the achievement of the performance goal.
F3Represents shares sold to cover withholding taxes due on vesting of the RSUs.