SEC Form 4 · accession 0001225208-17-016602
MASCO CORP /DE/ · MAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John G Sznewajs
Officer — VP and CFO
Period of report
Oct 27, 2017
Accepted (ET)
Oct 27, 2017 · 3:37 pm 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 Stock | Oct 27, 2017 | M | 165,248 | $16.3034 | A | 391,443 | D | |
| Common Stock | Oct 27, 2017 | S | 52,511 | $39.827 | D | 338,932 | D | |
| Common Stock | Oct 27, 2017 | F | 112,737 | $39.827 | D | 226,195 | 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 OptionF3,F1,F2 | $16.3034 | Oct 27, 2017 | M | 165,248 | D | — | May 12, 2018 | Common Stock | 165,248 | 0 | D |
Explanation of responses
- F1In 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.
- F2This option became exercisable in five equal annual installments commencing May 12, 2009.
- F3Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.