SEC Form 4 · accession 0001127602-18-007468
LEGGETT & PLATT INC · LEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl G Glassman
Officer — President and CEO · Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 21, 2018 · 1:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000058492
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F1 | $48.88 | Feb 20, 2018 | A | 40,917 | A | Mar 15, 2018 | Dec 29, 2026 | Common Stock | 40,917 | 40,917 | D |
Explanation of responses
- F1Reflects a contingent option grant, pursuant to the Issuer's Deferred Compensation Program, exempt under Rule 16b-3. The option grant is based on the Reporting Person's election to defer a portion of his Key Officers Incentive Plan 2017 cash award which is earned only upon the achievement of Company ROCE and Cash Flow targets, and certain performance goals. The rights and obligations of the parties were not fixed and the number of option shares to be granted, if any, were not known until 2/20/2018 when the Issuer's Compensation Committee determined that requirements for the cash award had been met, and therefore, the conditions for the option grant had been satisfied.