SEC Form 4 · accession 0001225208-15-015375
QXO Insulation, LLC · BLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Cushen
Officer — Sr VP of Op., TruTeam
Period of report
Jul 8, 2015
Accepted (ET)
Jul 10, 2015 · 5:31 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 | Jul 8, 2015 | J | 14,917 | $0.00 | A | 14,917 | D | |
| Common | Jul 8, 2015 | A | 5,540 | $0.00 | A | 20,457 | D | |
| Common | Jul 8, 2015 | J | 239 | $0.00 | A | 20,696 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF4,F3 | $27.10 | Jul 8, 2015 | A | 14,370 | A | — | Jul 8, 2025 | Common | 14,370 | 14,370 | D |
Explanation of responses
- F1Represents restricted stock awards granted by Masco that have been converted into restricted stock awards of the Issuer in connection with the spin-off of the Issuer from Masco.
- F2On June 30, 2015, Masco Corporation ("Masco") distributed to its stockholders one share of TopBuild Corp.'s (the "Issuer") common stock for every nine shares of Masco common stock outstanding as of 5:00 p.m. Eastern time on June 19, 2015, the record date for the distribution. The reported shares were issued in respect of shares of Masco common stock held by the reporting person as of such record date in an exempt transaction pursuant to Rule 16a-9.
- F3This option is exercisable in five equal annual installments of 2,874 shares beginning July 15, 2016.
- F4Grant of option under the TopBuild Corp. 2015 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.