SEC Form 4 · accession 0001240707-17-000004
DYCOM INDUSTRIES INC · DY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven E Nielsen
Officer — President & CEO · Director
Period of report
Oct 24, 2017
Accepted (ET)
Oct 24, 2017 · 5:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000067215
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 24, 2017 | A | 10,619 | $0.00 | A | 686,832 | D | |
| Common Stock | Oct 24, 2017 | F | 3,036 | $84.35 | D | 683,796 | D | |
| Common StockF3,F2 | Oct 24, 2017 | A | 6,035 | $0.00 | A | 689,831 | D | |
| Common Stock | Oct 24, 2017 | F | 1,725 | $84.35 | D | 688,106 | D | |
| Common StockF4,F2 | Oct 24, 2017 | A | 5,752 | $0.00 | A | 693,858 | D | |
| Common Stock | Oct 24, 2017 | F | 1,645 | $84.35 | D | 692,213 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of DY common stock acquired upon the settlement of restricted stock units ("RSUs") that were granted in October 2014 and settled on October 24, 2017. Each RSU represents a contingent right to acquire one share of DY common stock upon the satisfaction of pre-established performance measures set forth in the award documents. The performance measures are based on (i) operating earnings and (ii) the ratio of operating cash flow to net income, in each case before certain items. The shares reported include 3,540 shares that vested in connection with the satisfaction of the performance measures described in the previous sentence over the preceding three year performance period.
- F2No consideration was paid for the shares.
- F3Represents shares of DY common stock acquired upon the settlement of RSUs that were granted in October 2015 and settled on October 24, 2017. Each RSU represents a contingent right to acquire one share of DY common stock upon the satisfaction of pre-established performance measures set forth in the award documents. The performance measures are based on (i) operating earnings and (ii) the ratio of operating cash flow to net income, in each case before certain items. The shares reported include 2,614 shares that vested in connection with the satisfaction of the performance measures described in the previous sentence over the preceding three year performance period.
- F4Represents shares of DY common stock acquired upon the settlement of RSUs that were granted in October 2016 and settled on October 24, 2017. Each RSU represents a contingent right to acquire one share of DY common stock upon the satisfaction of pre-established performance measures set forth in the award documents. The performance measures are based on (i) operating earnings and (ii) the ratio of operating cash flow to net income, in each case before certain items. The shares reported include 2,491 shares that vested in connection with the satisfaction of the performance measures described in the previous sentence over the preceding three year performance period.