SEC Form 4 · accession 0000060667-16-000264
LOWES COMPANIES INC · LOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marshall A Croom
Officer — Chief Risk Officer
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 12:27 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,F2 | Mar 1, 2016 | M | 8,216 | $0.00 | A | 60,030 | D | |
| Common StockF3 | Mar 1, 2016 | F | 2,735 | $69.04 | D | 57,295 | D | |
| Common StockF4 | Mar 1, 2016 | F | 1,992 | $69.04 | D | 55,303 | D | |
| Common Stock | holding | — | — | — | 7,790 | I | by 401(k) Plan | |
| Common Stock | holding | — | — | — | 840 | I | by IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF5 | — | Mar 1, 2016 | M | 8,216 | D | — | — | Common Stock | 8,216 | 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.
- F2Direct holdings include 163 shares acquired under the Lowe's Employee Stock Purchase Plan.
- F3Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units granted on March 1, 2013.
- F4Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of restricted shares granted on March 1, 2013.
- F5At 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 29, 2016.