SEC Form 4 · accession 0001225208-18-012877
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
Aug 21, 2018
Accepted (ET)
Aug 23, 2018 · 4:30 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 | Aug 21, 2018 | M | 9,518 | $7.0461 | A | 237,578 | D | |
| Common StockF1 | Aug 21, 2018 | S | 9,518 | $39.3596 | D | 228,060 | D | |
| Common Stock | Aug 22, 2018 | M | 85,579 | $7.0461 | A | 313,639 | D | |
| Common Stock | Aug 22, 2018 | M | 1,772 | $7.0461 | A | 315,411 | D | |
| Common StockF2 | Aug 22, 2018 | S | 87,351 | $38.9022 | D | 228,060 | 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 OptionF5,F3,F4 | $7.0461 | Aug 21, 2018 | M | 9,518 | D | — | Feb 9, 2019 | Common Stock | 9,518 | 87,351 | D |
| Employee Stock OptionF5,F4 | $7.0461 | Aug 22, 2018 | M | 1,772 | D | — | Feb 9, 2019 | Common Stock | 1,772 | 85,579 | D |
| Employee Stock OptionF5,F4 | $7.0461 | Aug 22, 2018 | M | 85,579 | D | — | Feb 9, 2019 | Common Stock | 85,579 | 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 $$39.350 to $39.375, 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 footnotes (1) and (2) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.780 to $39.305, inclusive.
- F3In 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.
- F4This option became exercisable in five equal annual installments commencing February 9, 2010.
- F5Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.