SEC Form 4 · accession 0000060667-17-000023
LOWES COMPANIES INC · LOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ricky D Damron
Officer — Chief Operating Officer
Period of report
Feb 27, 2017
Accepted (ET)
Feb 28, 2017 · 8:30 am 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 27, 2017 | A | 31,500 | A | — | — | Common Stock | 31,500 | 31,500 | 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 April 1, 2014 and were subject to the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2016. On February 27, 2017, 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 April 1, 2017.