SEC Form 4 · accession 0000899243-15-003055
Summit Materials, Inc. · SUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin A Gill
Officer — See Remarks
Period of report
Mar 11, 2015
Accepted (ET)
Aug 13, 2015 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001621563
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Units of Summit Materials Holdings L.P.F2,F1 | — | Mar 11, 2015 | A | 91,175 | A | — | — | Class A Common Stock | 91,175 | 91,175 | D |
| Options (right to buy)F2,F3 | $18.00 | Mar 11, 2015 | A | 33,471 | A | — | Mar 11, 2025 | Class A Common Stock | 33,471 | 33,471 | D |
| Options (right to buy)F2,F4 | $18.00 | Mar 11, 2015 | A | 43,512 | A | — | Mar 11, 2025 | Class A Common Stock | 43,512 | 43,512 | D |
| LP Units of Summit Materials Holdings L.P.F5,F1 | — | Aug 11, 2015 | D | 4,052 | D | — | — | Class A Common Stock | 4,052 | 87,123 | D |
Explanation of responses
- F1Pursuant to the terms of an exchange agreement, dated as of March 11, 2015, the limited partnership units of Summit Materials Holdings L.P. ("LP Units") reported herein are exchangeable from and after the first anniversary of the closing of the issuer's initial public offering (subject to the terms of the exchange agreement and vesting requirements, including certain vesting events more fully described in the issuer's Registration Statement on Form S-1 (File No. 333-201058) (the "Registration Statement")) for shares of the issuer's Class A common stock on a one-for-one basis.
- F2These securities were acquired in connection with the reclassification of the interests of Summit Material Holdings L.P. prior to the issuer's initial public offering (as more fully described in the Registration Statement).
- F3The options vest in four equal annual installments beginning on March 11, 2016.
- F4The options vest upon the achievement of certain vesting events more fully described in the Registration Statement.
- F5The Reporting Person sold to the issuer the number of LP Units set forth above at a price per LP Unit of $24.784375, which represents the $25.75 price at which the issuer's Class A common stock was sold in a secondary offering, less the underwriters' discount of $0.965625 per share.
Remarks
Title: EVP & Chief Human Resources Officer