SEC Form 4 · accession 0001104659-17-018133
Summit Materials, Inc. · SUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Damian John Murphy
Officer — EVP & East Division President
Period of report
Mar 16, 2017
Accepted (ET)
Mar 20, 2017 · 9:33 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 | Mar 16, 2017 | M | 32,033 | $18.00 | A | 34,941 | D | |
| Class A Common StockF1 | Mar 16, 2017 | S | 32,033 | $24.09 | D | 2,908 | D | |
| Class A Common Stock | holding | — | — | — | 1,848 | I | By child |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F2 | $18.00 | Mar 16, 2017 | M | 32,033 | D | — | Mar 11, 2025 | Class A Common Stock | 32,033 | 129,277 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $24.00 to $24.24, 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.
- F2Reflects a grant of 161,310 options that vests in four equal annual installments beginning on March 11, 2016.
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.