SEC Form 4 · accession 0001104659-16-158182
Summit Materials, Inc. · SUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Charles Rauh
Officer — See Remarks
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 6:02 pm EST
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 | Nov 16, 2016 | C | 80,000 | — | A | 83,552 | D | |
| Class A Common StockF2 | Nov 16, 2016 | S | 80,000 | $21.87 | D | 3,552 | 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 | — | Nov 16, 2016 | C | 80,000 | D | — | — | Class A Common Stock | 80,000 | 52,262 | 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.
- F2This amount represents the $22.10 public offering price per share of Class A Common Stock, less the underwriting discount of $0.23 per share.
Remarks
Title: EVP and Chief Operating Officer