SEC Form 4 · accession 0000899243-16-018405
Summit Materials, Inc. · SUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian James Harris
Officer — EVP & Chief Financial Officer
Period of report
Apr 19, 2016
Accepted (ET)
Apr 21, 2016 · 8:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001621563
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Apr 19, 2016 | C | 81,252 | — | A | 81,252 | I | See Footnote |
| Class A Common StockF3,F2 | Apr 19, 2016 | S | 81,252 | $20.00 | D | 0 | I | See Footnote |
| Class A Common StockF4 | holding | — | — | — | 55,825 | D |
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.F1 | — | Apr 19, 2016 | C | 81,252 | D | — | — | Class A Common Stock | 81,252 | 466,699 | 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)) for shares of the issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis.
- F2Reflects securities held by trusts for the benefit of Mr. Harris' family, for which Mr. Harris' spouse serves as trustee.
- F3This amount represents the $20.15 public offering price per share of Class A Common Stock, less the underwriting discount of $0.15 per share.
- F4Total holdings include shares of Class A Common Stock received pursuant to a stock dividend paid on December 28, 2015.
Remarks
The Reporting Person disclaims beneficial ownership of the securities reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein.