SEC Form 4 · accession 0000899243-16-018115
Armstrong Flooring, Inc. · AFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S. Schulz
Officer — SVP and COO
Period of report
Apr 11, 2016
Accepted (ET)
Apr 13, 2016 · 8:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001655075
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 1,998 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | holding | — | — | — | — | — | Common Stock | 30,615 | 30,615 | D |
| Restricted Stock UnitF2,F4 | — | holding | — | — | — | — | — | Common Stock | 7,150 | 7,150 | D |
| Stock OptionF5 | $14.55 | holding | — | — | — | — | Feb 25, 2024 | Common Stock | 46,400 | 46,400 | D |
| Stock OptionF6 | $13.98 | holding | — | — | — | — | Feb 20, 2023 | Common Stock | 13,337 | 13,337 | D |
| Stock OptionF7 | $11.67 | holding | — | — | — | — | Feb 28, 2022 | Common Stock | 15,874 | 15,874 | D |
| Stock OptionF8 | $11.00 | holding | — | — | — | — | Jun 1, 2021 | Common Stock | 16,559 | 16,559 | D |
Explanation of responses
- F1Shares acquired in a pro rata distribution by Armstrong World Industries, Inc. ("AWI") as a result of the spin-off of the Issuer from AWI, effective on April 1, 2016.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock under the Issuer's 2016 Long-Term Incentive Plan.
- F3The restricted stock units were granted to the Reporting Person on February 24, 2015 and will vest as follows: (1) 15,307 on the second anniversary of the grant, and (2) 15,308 on the third anniversary of the grant (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided for under the Issuer's 2016 Long-Term Incentive Plan).
- F4The restricted stock units were granted to the Reporting Person on February 25, 2014 and will vest on December 31, 2016 (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided for under the Issuer's 2016 Long-Term Incentive Plan).
- F5The stock options were granted on February 25, 2014 and 30,932 have vested; the remaining 15,468 unvested stock options will vest and become exercisable on the third anniversary of the grant (contingent upon the Reporting Person's employment with the Issuer on the scheduled vesting date, except as provided for under the Issuer's 2016 Long-Term Incentive Plan).
- F6The stock options were granted on February 20, 2013 and have vested.
- F7The stock options were granted on February 28, 2012 and have vested.
- F8The stock options were granted on June 1, 2011 and have vested.
Remarks
NOTE: All derivative securities on Table II 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 Long-Term Incentive Plan.