SEC Form 4 · accession 0000060667-15-000035

LOWES COMPANIES INC · LOW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP Legal

Period of report

Feb 26, 2015

Accepted (ET)

Mar 2, 2015 · 11:30 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000060667

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Mar 1, 2015	M	10,854	$0.00	A	72,486	D
Common Stock^F2	Mar 1, 2015	F	3,605	$74.09	D	68,881	D
Common Stock^F3	Mar 1, 2015	F	7,271	$74.09	D	61,610	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Share Units^F4	—	Feb 26, 2015	A	10,854	A	—	—	Common Stock	10,854	10,854	D
Performance Share Units^F5	—	Mar 1, 2015	M	10,854	D	—	—	Common Stock	10,854	0	D

F1Direct holdings include 182 shares acquired under the Lowe's Employee Stock Purchase Plan.
F2Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units granted on March 1, 2012.
F3Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on March 1, 2012.
F4Each performance share unit represents a contingent right to receive one share of the Issuer's common stock. The performance share units were granted on March 1, 2012 and were subject to the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2014. On February 26, 2015, the Compensation Committee of the Issuer's Board of Directors certified the performance metrics and determined the number of performance share units that were earned. Following such certification and determination, the performance share units remained subject to a service condition that was satisfied on March 1, 2015.
F5At the vest date, the performance share units earned converted into an equivalent number of shares of the Issuer's common stock.