SEC Form 4 · accession 0001104659-18-012912
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
Feb 24, 2018
Accepted (ET)
Feb 27, 2018 · 6:03 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,F2 | Feb 24, 2018 | M | 5,676 | — | A | 66,619 | D | |
| Class A Common Stock | Feb 24, 2018 | F | 1,764 | $31.74 | D | 64,855 | D | |
| Class A Common StockF3 | holding | — | — | — | 60,000 | 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, 2018 | M | 5,676 | D | — | — | Class A Common Stock | 5,676 | 5,677 | 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.
- F2Total holdings include shares of Class A Common Stock received pursuant to a stock dividend paid on December 22, 2017.
- F3Reflects securities held by trusts for the benefit of Mr. Harris' family, for which Mr. Harris' spouse serves as trustee.
- 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 17,030 restricted stock units that vest 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.