SEC Form 4 · accession 0001209191-16-096483
LOUISIANA-PACIFIC CORP · LPX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Bradley Southern
Officer — Senior Vice President
Period of report
Feb 4, 2016
Accepted (ET)
Feb 8, 2016 · 6:17 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 | 26,684 | $0.00 | A | 91,737 | D | |
| Common Stock | Feb 7, 2016 | F | 3,327 | $14.82 | D | 88,410 | 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 | 28,612 | A | Feb 4, 2017 | Feb 4, 2026 | Common stock | 28,612 | 0 | D |
| Performance sharesF2 | $0.00 | Feb 4, 2016 | A | 5,083 | A | Feb 4, 2019 | Feb 4, 2019 | Common stock | 5,083 | 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.