SEC Form 4 · accession 0000899243-15-006820

CSW INDUSTRIALS, INC. · CSW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Oct 14, 2015

Accepted (ET)

Oct 16, 2015 · 5:50 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001624794

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options (right to buy)^F2	$25.52	Oct 14, 2015	A	16,432	A	—	Jul 15, 2023	Common Stock	16,432	16,432	D
Stock Options (right to buy)^F3	$25.52	Oct 14, 2015	A	13,445	A	—	Jul 15, 2023	Common Stock	13,445	13,445	D
Stock Options (right to buy)^F4	$25.23	Oct 14, 2015	A	85,981	A	—	Aug 28, 2024	Common Stock	85,981	85,981	D

F1Grant of stock options received in connection with the spin-off of Issuer from Capital Southwest Corporation ("CSWC") on September 30, 2015 (the "Spin-Off") and converted from CSWC stock options held by the Reporting Person as of the Spin-Off pursuant to the Amended and Restated Employee Matters Agreement between CSWC and the Issuer, dated September 14, 2015.
F2Two-fifths of the stock options are vested. The remaining three-fifths of the stock options will vest in three equal annual installments beginning July 15, 2016.
F3Two-fifths of the stock options are vested. The remaining three-fifths of the stock options will vest in three equal annual installments beginning July 15, 2016.
F4One-third of the stock options will vest on the 90th day following the Spin-Off (the "Trigger Event Date"), one-third of the stock options with vest on the first anniversary of the Trigger Event Date and one-third of the stock options will vest on the second anniversary of the Trigger Event Date.