SEC Form 4 · accession 0001651609-16-000007
DYCOM INDUSTRIES INC · DY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca Brightly Roach
Officer — VP & Chief Accounting Officer
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 5:26 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | Dec 14, 2016 | A | 796 | $0.00 | A | 9,330 | D | |
| Common StockF4,F3 | Dec 14, 2016 | A | 1,745 | $0.00 | A | 11,075 | D | |
| Common Stock | Dec 14, 2016 | F | 705 | $79.02 | D | 10,370 | D | |
| Common Stock | Dec 15, 2016 | S | 470 | $79.953 | D | 9,900 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit represents a contingent right to acquire one share of DY common stock, par value $0.33 1/3 per share.
- F2The restricted stock units vest in four substantially equal annual installments beginning December 14, 2017.
- F3No consideration was paid for the restricted stock units.
- F4These shares were awarded in settlement of the restricted stock units that vested on December 14, 2016 based upon the satisfaction of the following pre-established performance measures (i) operating earnings and (ii) the ratio of operating cash flow to net income, in each case before certain items. The shares resported include 238 shares that vested in connection with the satisfaction of the performance measures described in the preceeding three year performance period.
- F5Withholding of common stock for the payment of tax liability incident to the vesting of restricted stock units.