SEC Form 4 · accession 0000899243-16-020661
Summit Materials, Inc. · SUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael John Brady
Officer — See Remarks
Period of report
May 18, 2016
Accepted (ET)
May 20, 2016 · 7:37 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 | May 18, 2016 | C | 75,000 | — | A | 75,000 | D | |
| Class A Common StockF2 | May 20, 2016 | S | 25,000 | $21.52 | D | 50,000 | D | |
| Class A Common Stock | May 20, 2016 | S | 14,772 | $21.65 | D | 35,228 | 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,F3 | — | May 18, 2016 | C | 75,000 | D | — | — | Class A Common Stock | 75,000 | 408,649 | 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 on a one-for-one basis.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $21.50 to $21.57, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3Total holdings include LP Units acquired in connection with a distribution of LP Units from Summit Materials Holdings GP, Ltd., of which the Reporting Person is a shareholder. The acquisition of such LP Units was exempt pursuant to Rule 16a-9.
Remarks
Title: EVP & Chief Business Development Officer