SEC Form 4 · accession 0001104659-17-073230
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
Dec 11, 2017
Accepted (ET)
Dec 13, 2017 · 8:10 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 Stock | Dec 11, 2017 | M | 62,042 | $18.00 | A | 66,440 | D | |
| Class A Common Stock | Dec 11, 2017 | M | 48,622 | $18.00 | A | 115,062 | D | |
| Class A Common Stock | Dec 11, 2017 | M | 4,454 | $17.07 | A | 119,516 | D | |
| Class A Common StockF1 | Dec 11, 2017 | S | 115,118 | $31.75 | D | 4,398 | 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 | Dec 11, 2017 | M | 62,042 | D | — | Mar 11, 2025 | Class A Common Stock | 62,042 | 62,042 | D |
| Options (right to buy)F3 | $18.00 | Dec 11, 2017 | M | 48,622 | D | — | Mar 11, 2025 | Class A Common Stock | 48,622 | 80,655 | D |
| Options (right to buy)F4 | $17.07 | Dec 11, 2017 | M | 4,454 | D | — | Feb 24, 2026 | Class A Common Stock | 4,454 | 8,906 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.505 to $32.05, 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 124,084 options that vests in four equal annual installments beginning on March 11, 2016.
- F3Reflects a grant of 161,310 options that vests in four equal annual installments beginning on March 11, 2016.
- F4Reflects a grant of 13,360 options that vests in three equal annual installments beginning on February 24, 2017.
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.