SEC Form 4 · accession 0000060667-16-000257
LOWES COMPANIES INC · LOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul D Ramsay
Officer — Chief Information Officer
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 12:13 pm 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 StockF1 | Mar 1, 2016 | M | 5,477 | $0.00 | A | 43,816 | D | |
| Common StockF2 | Mar 1, 2016 | F | 1,829 | $69.04 | D | 41,987 | D | |
| Common StockF3 | Mar 1, 2016 | F | 1,328 | $69.04 | D | 40,659 | 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 UnitsF4 | — | Mar 1, 2016 | M | 5,477 | D | — | — | Common Stock | 5,477 | 0 | D |
Explanation of responses
- F1Each performance share unit represented a contingent right to receive one share of the Issuer's common stock upon the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2015.
- F2Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units granted on March 1, 2013.
- F3Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on March 1, 2013.
- F4At the vest date, the performance share units earned converted into an equivalent number of shares of the Issuer's common stock.