SEC Form 4 · accession 0000060667-15-000038
LOWES COMPANIES INC · LOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert F Hull Jr.
Officer — Chief Financial Officer
Period of report
Feb 26, 2015
Accepted (ET)
Mar 2, 2015 · 11:38 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2015 | M | 16,281 | $0.00 | A | 127,937 | D | |
| Common StockF1 | Mar 1, 2015 | F | 5,824 | $74.09 | D | 122,113 | D | |
| Common StockF2 | Mar 1, 2015 | F | 11,448 | $74.09 | D | 110,665 | D | |
| Common Stock | holding | — | — | — | 13,223 | I | by 401(k) Plan |
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 | — | Feb 26, 2015 | A | 16,281 | A | — | — | Common Stock | 16,281 | 16,281 | D |
| Performance Share UnitsF4 | — | Mar 1, 2015 | M | 16,281 | D | — | — | Common Stock | 16,281 | 0 | D |
Explanation of responses
- F1Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units granted on March 1, 2012.
- F2Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on March 1, 2012.
- F3Each 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.
- F4At the vest date, the performance share units earned converted into an equivalent number of shares of the Issuer's common stock.
Remarks
The information provided for the shares held by the 401(k) Plan in this report is based on a plan statement dated as of February 28, 2015.