SEC Form 4 · accession 0000899243-16-018109

Armstrong Flooring, Inc. · AFI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1Includes 6,889 unvested units granted on April 11, 2016 under the terms of the 2016 Directors Stock Unit Plan. The units vest (contingent upon the Director's continued service as of such date) on the earlier of (i) the next annual stockholders meeting following the grant; (ii) the death or total and permanent disability of the Director; or (iii) the date of any Change in Control (as defined in the Plan). Shares will be issued for vested units within 60 days of (x) the vesting date, or (y), a later deferral date if deferred by the Director under the terms of the Plan.
• F2Includes vested restricted stock units, as well as units not yet acquirable by the Director, granted under the director compensation program of Armstrong World Industries, Inc. ("AWI") prior to the spin-off of the Issuer from AWI. Also includes 7,124 unvested units that vest (contingent upon the Director's continued service as of such date) on the earlier of (i) July 13, 2016; (ii) the death or total and permanent disability of the Director; or (iii) the date of any Change in Control (as defined in the Plan). Vested units will be acquirable by the Director (x) for units granted prior to June 2011, six (6) months following the termination of the Director's service on the Issuer's Board of Directors, and, (y) for units granted during and after June 2011, at the time of the termination of the Director's service on the Issuer's Board of Directors.

Remarks

NOTE: All restricted stock units on Table I granted prior to April 1, 2016 were originally issued by AWI and, as a result of the spin-off of the Issuer from AWI effective on April 1, 2016, were adjusted and assumed by the Issuer under its 2016 Directors Stock Unit Plan (the "Plan").