SEC Form 4 · accession 0001209191-18-009364
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 8, 2018
Accepted (ET)
Feb 12, 2018 · 6:41 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted stock unitsF1 | Feb 8, 2018 | A | 7,482 | $0.00 | A | 39,392 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance share unitsF2 | $0.00 | Feb 8, 2018 | A | 7,482 | A | Feb 8, 2021 | Feb 8, 2021 | Common Stock | 7,482 | 0 | D |
Explanation of responses
- F1Includes restricted stock (units) of 31,940, vesting 18,424 on 2/4/2019; vesting 6,034 vesting 2/2/2020 and 7,482 vesting 2/8/2021.
- 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.