SEC Form 4 · accession 0001209191-19-008800
LOUISIANA-PACIFIC CORP · LPX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Mann Jr.
Officer — EVP, General Counsel
Period of report
Feb 7, 2019
Accepted (ET)
Feb 8, 2019 · 9:38 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,F2 | Feb 7, 2019 | A | 14,505 | $24.13 | A | 27,192 | 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 unitsF3 | $0.00 | Feb 7, 2019 | A | 14,505 | A | Feb 7, 2022 | Feb 7, 2022 | Common stock | 14,505 | 0 | D |
Explanation of responses
- F1Award granted pursuant to Louisiana Pacific Corporation 2013 Omnibus plan. Award converts into common stock as of the date of vest.
- F2Includes 12,687 shares vesting 3/5/2021 and 14,505 shares vesting 2/7/2022
- F3Each 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.