SEC Form 4 · accession 0001104659-17-039984
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
Jun 14, 2017
Accepted (ET)
Jun 16, 2017 · 6:00 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 | Jun 14, 2017 | C | 20,000 | — | A | 20,000 | I | See Footnote |
| Class A Common StockF2 | Jun 15, 2017 | S | 20,000 | $28.1965 | D | 0 | I | See Footnote |
| Class A Common Stock | holding | — | — | — | 60,102 | 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,F2 | — | Jun 14, 2017 | C | 20,000 | D | — | — | Class A Common Stock | 20,000 | 392,699 | I |
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.
- F2Reflects securities held by trusts for the benefit of Mr. Harris' family, for which Mr. Harris' spouse serves as trustee.
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.