SEC Form 4 · accession 0001593968-18-001030
CSW INDUSTRIALS, INC. · CSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph B Armes
Officer — Chairman, President & CEO · Director
Period of report
Jul 6, 2018
Accepted (ET)
Jul 9, 2018 · 7:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001624794
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jul 6, 2018 | S | 4,250 | $53.80 | D | 67,440 | D | |
| Common Stock | holding | — | — | — | 9,502 | I | JBA Family Partners, L.P. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy) | $25.52 | holding | — | — | — | Oct 14, 2015 | Jul 15, 2023 | Common Stock | 29,877 | 29,877 | D |
| Option (right to buy) | $25.23 | holding | — | — | — | Dec 30, 2015 | Aug 28, 2024 | Common Stock | 85,981 | 85,981 | D |
| Performance RightsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 57,320 | 57,320 | D |
Explanation of responses
- F1The transaction reported was effected pursuant to a 10b5-1 trading plan established by the reporting person on December 8, 2017.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.65 to $54.00, 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.
- F3Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 100% during a three-year performance cycle beginning on October 1, 2015 and ending on March 31, 2018 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among a predetermined peer group over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
- F4Each performance right represents a contingent right to receive one share of the issuer's common stock at vesting. The performance rights vest at a rate between 0% and 100% during a three-year performance cycle beginning on October 1, 2015 and ending on March 31, 2018 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among a predetermined peer group over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.