SEC Form 4 · accession 0001104659-17-053156
QXO Insulation, LLC · BLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald Volas
Officer — CEO · Director
Period of report
Aug 18, 2017
Accepted (ET)
Aug 22, 2017 · 5:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001633931
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 18, 2017 | M | 27,922 | $12.12 | A | 149,201 | D | |
| Common StockF1 | Aug 18, 2017 | S | 12,751 | $56.81 | D | 136,450 | D | |
| Common Stock | Aug 18, 2017 | M | 27,922 | $13.31 | A | 164,372 | D | |
| Common StockF1 | Aug 18, 2017 | S | 12,410 | $56.81 | D | 151,962 | D | |
| Common Stock | Aug 18, 2017 | M | 13,961 | $27.13 | A | 165,923 | D | |
| Common StockF1 | Aug 18, 2017 | S | 4,235 | $56.81 | D | 161,688 | D | |
| Common Stock | Aug 18, 2017 | M | 27,922 | $21.15 | A | 189,610 | D | |
| Common StockF1 | Aug 18, 2017 | S | 10,176 | $56.81 | D | 179,434 | D | |
| Common Stock | Aug 18, 2017 | M | 13,961 | $23.27 | A | 193,395 | D | |
| Common StockF1 | Aug 18, 2017 | S | 4,784 | $56.81 | D | 188,611 | D | |
| Common Stock | Aug 18, 2017 | F | 67,332 | $56.81 | D | 121,279 | D | |
| Common Stock | holding | — | — | — | 294 | I | By Retirement Plan | |
| Common Stock | holding | — | — | — | 7,389 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $12.12 | Aug 18, 2017 | M | 27,922 | D | — | Feb 15, 2022 | COMMON | 27,922 | 0 | D |
| Employee Stock Option (right to buy) | $13.31 | Aug 18, 2017 | M | 27,922 | D | Feb 16, 2016 | Feb 16, 2021 | COMMON | 27,922 | 0 | D |
| Employee Stock Option (right to buy)F3 | $27.13 | Aug 18, 2017 | M | 13,961 | D | — | Feb 11, 2025 | COMMON | 13,961 | 20,942 | D |
| Employee Stock Option (right to buy)F4 | $21.15 | Aug 18, 2017 | M | 27,922 | D | — | Feb 13, 2023 | COMMON | 27,922 | 13,962 | D |
| Employee Stock Option (right to buy)F5 | $23.27 | Aug 18, 2017 | M | 13,961 | D | — | Feb 12, 2024 | COMMON | 13,961 | 13,961 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.46 to $57.14, inclusive. The reporting person undertakes to provide to TopBuild Corp., a Delaware corporation ("TopBuild"), any security holder of TopBuild, 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 in this footnote (1) to this Form 4.
- F2This option vested in two equal annual installments, which commenced on February 15, 2016.
- F3This option vests in five equal annual installments, which commenced on February 11, 2016.
- F4This option vests in three equal annual installments, which commenced on February 13, 2016.
- F5This option vests in four equal annual installments, which commenced on February 12, 2016.