SEC Form 4 · accession 0001104659-18-014213
Summit Materials, Inc. · SUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W. Hill
Officer — President & CEO · Director
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 9:06 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 StockF2 | Feb 27, 2018 | S | 6,300 | $32.04 | D | 152,846 | D | |
| Class A Common StockF3 | Feb 28, 2018 | S | 6,200 | $32.02 | D | 146,646 | D | |
| Class A Common StockF4 | Feb 28, 2018 | M | 10,253 | — | A | 156,899 | D | |
| Class A Common Stock | Feb 28, 2018 | F | 2,497 | $31.63 | D | 154,402 | D | |
| Class A Common StockF5 | holding | — | — | — | 365 | 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 UnitsF6,F7 | — | Feb 28, 2018 | M | 10,253 | D | — | — | Class A Common Stock | 10,253 | 20,504 | D |
| Restricted Stock UnitsF6,F8 | — | Feb 28, 2018 | A | 51,757 | A | — | — | Class A Common Stock | 51,757 | 51,757 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $31.77 to $32.51, 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 $31.62 to $32.33, 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 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.
- F5Reflects securities held by a trust for the benefit of Mr. Hill's family, for which Mr. Hill's spouse serves as trustee.
- F6Each restricted stock unit represents a contingent right to receive one share of Issuer Class A Common Stock. The restricted stock units will be settled in either Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
- F7On February 28, 2017, the Reporting Person was granted 30,757 restricted stock units that vest in three equal annual installments beginning on February 28, 2018.
- F8These restricted stock units vest in three equal annual installments beginning on February 28, 2019.
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.