SEC Form 4 · accession 0001328538-17-000004
DYCOM INDUSTRIES INC · DY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard B Vilsoet
Officer — Vice President & Secretary
Period of report
Dec 14, 2017
Accepted (ET)
Dec 14, 2017 · 6:47 pm EST
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 | Dec 14, 2017 | A | 10,004 | $0.00 | A | 69,645 | D | |
| Common Stock | Dec 14, 2017 | F | 5,175 | $110.78 | D | 64,470 | 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") on December 14, 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 annual 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 3,861 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 restricted stock units.
- F3Withholding of common stock for the payment of tax liability incident to the vesting of restricted stock units.