SEC Form 4 · accession 0001104659-17-066114
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 1, 2017
Accepted (ET)
Nov 3, 2017 · 6:02 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 | Nov 1, 2017 | C | 11,411 | — | A | 18,724 | D | |
| Class A Common StockF2 | Nov 1, 2017 | S | 11,411 | $31.33 | D | 7,313 | D | |
| Class A Common Stock | Nov 1, 2017 | M | 1,729 | $18.00 | A | 9,042 | D | |
| Class A Common Stock | Nov 1, 2017 | M | 9,465 | $17.07 | A | 18,507 | D | |
| Class A Common StockF3 | Nov 1, 2017 | S | 11,194 | $31.38 | D | 7,313 | D | |
| Class A Common Stock | Nov 1, 2017 | S | 3,719 | $31.395 | D | 3,594 | 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 1, 2017 | C | 11,411 | D | — | — | Class A Common Stock | 11,411 | 1,851 | D |
| Options (right to buy)F4 | $18.00 | Nov 1, 2017 | M | 1,729 | D | — | Mar 11, 2025 | Class A Common Stock | 1,729 | 83,542 | D |
| Options (right to buy)F5 | $17.07 | Nov 1, 2017 | M | 9,465 | D | — | Feb 24, 2026 | Class A Common Stock | 9,465 | 18,930 | 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 $31.33 to $31.41, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.34 to $31.49, 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.
- F4Reflects the grant of 167,083 options that vest in four equal annual installments beginning on March 11, 2016.
- F5Reflects the grant of 28,395 options that vest in three equal annual installments beginning on February 24, 2017.
Remarks
Title: EVP and Chief Operating Officer