SEC Form 4 · accession 0001225208-15-015380
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
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 | 83,393 | $0.00 | A | 83,393 | D | |
| Common | Jul 8, 2015 | A | 36,900 | $0.00 | A | 120,293 | D | |
| Common | Jul 8, 2015 | J | 2,231 | $0.00 | A | 122,524 | D | |
| Common | Jul 8, 2015 | J | 1,688 | $0.00 | A | 1,688 | I | By retirement plan |
| Common | Jul 8, 2015 | J | 11,039 | $0.00 | A | 11,039 | 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 OptionF4 | $27.1277 | Jul 8, 2015 | J | 34,903 | A | — | Feb 11, 2025 | Common | 34,903 | 34,903 | D |
| Employee Stock OptionF5 | $23.2746 | Jul 8, 2015 | J | 27,922 | A | — | Feb 12, 2024 | Common | 27,922 | 27,922 | D |
| Employee Stock OptionF6 | $21.1455 | Jul 8, 2015 | J | 41,884 | A | — | Feb 13, 2023 | Common | 41,884 | 41,884 | D |
| Employee Stock OptionF7 | $12.1203 | Jul 8, 2015 | J | 27,922 | A | — | Feb 15, 2022 | Common | 27,922 | 27,922 | D |
| Employee Stock OptionF8 | $13.3146 | Jul 8, 2015 | J | 27,922 | A | — | Feb 16, 2021 | Common | 27,922 | 27,922 | D |
| Employee Stock OptionF10,F9 | $27.10 | Jul 8, 2015 | A | 95,790 | A | — | Jul 8, 2025 | Common | 95,790 | 95,790 | 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.
- F10Grant of option under the TopBuild Corp. 2015 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.
- 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.
- F3Represents employee stock options granted by Masco that have been converted into employee stock options of the Issuer's common stock in connection with the spin-off of the Issuer from Masco.
- F4This option is exercisable according to the following schedule: 6,980 shares beginning February 11, 2016; 6,981 shares beginning February 11, 2017; 6,981 shares beginning February 11, 2018; 6,980 shares beginning February 11, 2019; and 6,981 shares beginning February 11, 2020.
- F5This option is exercisable according to the following schedule: 6,980 shares begining on February 12, 2016; 6,981 shares beginning February 12, 2017; 6,981 shares beginning February 12, 2018; and 6,980 shares beginning February 12, 2019.
- F6This option is exercisable in two equal annual installments of 13,961 shares beginning February 13, 2016, and one annual installment of 13,962 shares begining February 13, 2018.
- F7This option is exercisable in two equal annual installments of 13,961 shares beginning Februrary 15, 2016.
- F8This option is exercisable in one annual installment of 27,922 shares beginning February 16, 2016.
- F9This option is exercisable in five equal annual installments of 19,150 shares beginning July 15, 2016.