SEC Form 4 · accession 0000060667-18-000030
LOWES COMPANIES INC · LOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P McDermott
Officer — Chief Customer Officer
Period of report
Mar 22, 2018
Accepted (ET)
Mar 23, 2018 · 7:39 am EDT
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 | — | Mar 22, 2018 | A | 3,557 | A | — | — | Common Stock | 3,557 | 3,557 | 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, 2015 and were subject to the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2017. On March 22, 2018, 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, 2018.