SEC Form 4 · accession 0001209191-16-096481
LOUISIANA-PACIFIC CORP · LPX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil Sherman
Officer — SVP EWP
Period of report
Feb 4, 2016
Accepted (ET)
Feb 8, 2016 · 6:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000060519
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 4, 2016 | A | 17,471 | $0.00 | A | 31,341 | D | |
| Common Stock | Feb 7, 2016 | F | 632 | $14.82 | D | 30,709 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock settled stock appreciation rightsF1 | $15.74 | Feb 4, 2016 | A | 17,883 | A | Feb 4, 2017 | Feb 4, 2026 | Common Stock | 17,883 | 0 | D |
| Performance sharesF2 | $0.00 | Feb 4, 2016 | A | 3,177 | A | Feb 4, 2019 | Feb 4, 2019 | Common Stock | 3,177 | 0 | D |
Explanation of responses
- F1Award granted pursuant to Louisiana Pacific Corporation 2013 Omnibus plan. Shares vest 1/3 each year starting on date indicated.
- F2Each performance share converts into the number of shares of Common Stock by applying a payout factor to the target number of shares vesting on a given date. The payout factor can be from 0 to 200% depending on performance realized.