SEC Form 4 · accession 0001225208-16-032728
MASCO CORP /DE/ · MAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Michael Losh
Director
Period of report
May 5, 2016
Accepted (ET)
May 6, 2016 · 11:50 am EDT
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 StockF1 | May 5, 2016 | M | 9,117 | $28.6494 | A | 62,256 | D | |
| Common Stock | May 5, 2016 | S | 648 | $30.84 | D | 61,608 | D | |
| Common Stock | May 5, 2016 | F | 8,469 | $30.84 | D | 53,139 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Employee Director Stock OptionF4,F2,F3 | $28.6494 | May 5, 2016 | M | 9,117 | D | — | May 9, 2016 | Common Stock | 9,117 | 0 | D |
Explanation of responses
- F1In connection with the spin-off of TopBuild Corp. by Masco Corporation ("Masco") on June 30, 2015, outstanding unvested restricted stock awards granted by Masco to all equity plan participants, including to the reporting person, were adjusted on a value neutral basis to preserve the awards' pre-spin intrinsic value.
- 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 became exercisable in five equal annual installments commencing May 9, 2007.
- F4Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.