SEC Form 4 · accession 0000060667-18-000065
LOWES COMPANIES INC · LOW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Niblock
Officer — Chairman President & CEO · Director
Period of report
Apr 1, 2018
Accepted (ET)
Apr 3, 2018 · 8:04 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, 2018 | M | 34,051 | $0.00 | A | 511,968 | D | |
| Common StockF3 | Apr 1, 2018 | F | 15,306 | $87.75 | D | 496,662 | D | |
| Common StockF4 | holding | — | — | — | 25,483 | I | by 401(k) Plan | |
| Common Stock | holding | — | — | — | 103,920 | I | by GRAT | |
| Common Stock | holding | — | — | — | 93,883 | I | by Spouse | |
| Common Stock | holding | — | — | — | 24,659 | I | by Trust | |
| Common Stock | holding | — | — | — | 24,659 | I | by Trust II |
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 | — | Apr 1, 2018 | M | 34,051 | D | — | — | Common Stock | 34,051 | 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 2017.
- F2Includes 73,291 shares previously held through a grantor retained annuity trust which were distributed to the reporting person on November 29, 2017 and are now owned directly and 149 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, 2015.
- F4The information provided for the shares held by the 401(k) Plan in this report is based on a plan statement dated as of March 30, 2018.
- F5At the vest date, the performance share units earned converted into an equivalent number of shares of the Issuer's common stock.