SEC Form 4 · accession 0001104659-17-012716
Summit Materials, Inc. · SUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ted A Gardner
Director
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 8:16 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 | Feb 24, 2017 | M | 6,414 | — | A | 6,414 | D | |
| Class A Common StockF3,F2 | holding | — | — | — | 19,332 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Feb 24, 2017 | M | 6,414 | D | — | — | Class A Common Stock | 6,414 | 0 | D |
Explanation of responses
- F1Reflects restricted stock units that upon vesting converted into shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis.
- F2Reflects securities held by certain investment funds affiliated with Silverhawk Summit, L.P. ("Silverhawk"). Mr. Gardner, a managing partner and co-founder of Silverhawk, may be deemed to have beneficial ownership of the securities of the Issuer held by Silverhawk.
- F3Total holdings include shares of Class A Common Stock received pursuant to a stock dividend paid on December 28, 2016.
- F4Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units settle in either Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
- F5On February 24, 2016, the Reporting Person was granted 6,414 restricted stock units that vested on February 24, 2017.