SEC Form 4 · accession 0001209191-17-007867
LOUISIANA-PACIFIC CORP · LPX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Sims
Officer — SVP Sales and Marketing
Period of report
Feb 2, 2017
Accepted (ET)
Feb 3, 2017 · 7:07 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 2, 2017 | A | 6,034 | $0.00 | A | 33,042 | 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 | $19.14 | Feb 2, 2017 | A | 14,401 | A | Feb 2, 2018 | Feb 2, 2027 | Common stock | 14,401 | 14,401 | D |
| Performance sharesF2 | $0.00 | Feb 2, 2017 | A | 6,217 | A | Feb 2, 2020 | Feb 2, 2020 | Common stock | 6,217 | 6,217 | 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.