SEC Form 4 · accession 0001593968-18-001061
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 15, 2018
Accepted (ET)
Jul 17, 2018 · 4:53 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 Stock | Jul 15, 2018 | F | 530 | $52.90 | D | 66,910 | 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 RightsF1,F2 | — | holding | — | — | — | — | — | Common Stock | 57,320 | 57,320 | D |
Explanation of responses
- F1Each 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.
- F2Each 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.