SEC Form 4 · accession 0001225208-15-020348
MASCO CORP /DE/ · MAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith J. Allman
Officer — President and CEO · Director
Period of report
Nov 4, 2015
Accepted (ET)
Nov 4, 2015 · 3:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000062996
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 4, 2015 | M | 30,770 | $19.6641 | A | 243,278 | D | |
| Common Stock | Nov 4, 2015 | M | 27,351 | $26.6751 | A | 270,629 | D | |
| Common Stock | Nov 4, 2015 | M | 14,245 | $23.3407 | A | 284,874 | D | |
| Common StockF1 | Nov 4, 2015 | S | 8,308 | $29.2351 | D | 276,566 | D | |
| Common Stock | Nov 4, 2015 | F | 12,692 | $29.2344 | D | 263,874 | D | |
| Common Stock | Nov 4, 2015 | F | 25,329 | $29.2352 | D | 238,545 | D | |
| Common Stock | Nov 4, 2015 | F | 26,037 | $29.2357 | D | 212,508 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF4,F2,F3 | $19.6641 | Nov 4, 2015 | M | 30,770 | D | — | Feb 12, 2024 | Common Stock | 30,770 | 123,081 | D |
| Employee Stock OptionF4,F2,F5 | $26.6751 | Nov 4, 2015 | M | 27,351 | D | — | May 24, 2017 | Common Stock | 27,351 | 0 | D |
| Employee Stock OptionF4,F2,F6 | $23.3407 | Nov 4, 2015 | M | 14,245 | D | — | Jul 26, 2016 | Common Stock | 14,245 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.18 to $29.27, inclusive. The reporting person undertakes to provide to Masco Corporation, any security holder of Masco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- F2In connection with the spin-off of TopBuild Corp. by Masco Corporation ("Masco") on June 30, 2015, outstanding stock options granted under the Masco 2014 Long Term Stock Incentive Plan by Masco to all plan participants, including to the reporting person, were adjusted on a value neutral basis to preserve the options' pre-spin intrinsic value.
- F3This option is exercisable in five equal annual installments of 30,770 shares commencing February 12, 2015.
- F4Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.
- F5This option became exercisable in five equal annual installments commencing May 24, 2008.
- F6This option became exercisable in five equal annual installments commencing July 26, 2007.