SEC Form 4 · accession 0000060667-16-000240
LOWES COMPANIES INC · LOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard D Maltsbarger
Officer — CDO & President, Int'l
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 12:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000060667
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1 | — | Feb 25, 2016 | A | 5,477 | A | — | — | Common Stock | 5,477 | 5,477 | D |
Explanation of responses
- F1Each 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, 2013 and were subject to the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2015. On February 25, 2016, 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. The performance share units continue to be subject to a service condition that will be satisfied on March 1, 2016.