SEC Form 4 · accession 0001593968-18-001489
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
Nov 21, 2018
Accepted (ET)
Nov 26, 2018 · 6:20 pm EST
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 StockF1 | Nov 21, 2018 | G | 2,000 | $0.00 | D | 66,345 | 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 RightsF2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 57,320 | 57,320 | D |
Explanation of responses
- F1Represents shares donated by the Reporting Person to a charitable donor advised fund.
- 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% or 0% and 200% during a three-year performance cycle ending on each of March 31, 2019, 2020 and 2021 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.
- 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% or 0% and 200% during three-year performance cycle ending on each of March 31, 2019, 2020 and 2021 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among the Russell 2000 Index 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% or 0% and 200% during a three-year performance cycle ending on each of March 31, 2019, 2020 and 2021 based on the issuer's relative total shareholder return in comparison to the total shareholder return performance among the Russell 2000 Index over the performance cycle. The performance rights may be settled, at the issuer's discretion, in cash or shares of common stock.