SEC Form 4 · accession 0000060667-17-000069
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
Apr 1, 2017
Accepted (ET)
Apr 4, 2017 · 8:54 am EDT
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 | Apr 1, 2017 | M | 6,000 | $0.00 | A | 38,755 | D | |
| Common StockF3 | Apr 1, 2017 | F | 1,977 | $82.21 | D | 36,778 | D | |
| Common StockF4 | Apr 1, 2017 | A | 3,610 | $0.00 | A | 40,388 | D | |
| Common StockF5 | holding | — | — | — | 3,877 | 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 UnitsF6 | — | Apr 1, 2017 | M | 6,000 | D | — | — | Common Stock | 6,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F7 | $82.21 | Apr 1, 2017 | A | 15,300 | A | — | Apr 1, 2027 | Common Stock | 15,300 | 15,300 | 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 2016.
- F2Direct holdings include 177 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 April 1, 2014.
- F4Restricted stock granted pursuant to 2006 Long-Term Incentive Plan. The shares will fully vest on April 1, 2020.
- F5The information provided for the shares held by the 401(k) Plan in this report is based on a plan statement dated as of March 31, 2017.
- F6At the vest date, the performance share units earned converted into an equivalent number of shares of the Issuer's common stock.
- F7The option vests in three annual installments beginning on April 1, 2018.