SEC Form 4 · accession 0001209191-15-017181
ARMSTRONG WORLD INDUSTRIES INC · AWI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew J Espe
Officer — President and CEO · Director
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 4:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000007431
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2015 | M | 15,721 | $0.00 | A | 68,430 | D | |
| Common StockF2 | Feb 19, 2015 | F | 4,946 | $53.89 | D | 63,484 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF3,F4,F5 | — | Feb 19, 2015 | A | 15,721 | A | — | — | Common Stock | 15,721 | 15,721 | D |
Explanation of responses
- F1Reflects the conversion of previously granted performance restricted stock units into shares of Issuer's common stock in connection with the vesting of the units based on underlying performance metrics.
- F2Represents the number of shares withheld by the Issuer to satisfy the Reporting Person's tax obligations upon the vesting of performance restricted stock units granted to the Reporting Person under the 2011 Long-Term Incentive Plan.
- F3Each performance restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4The performance restricted stock units were granted upon achievement of certain performance metrics pursuant to the performance-based restricted stock units granted on February 28, 2012 under the Company's 2006 Long-Term Incentive Plan. The performance period for the performance restricted stock units was January 1, 2012 to December 31, 2014, with vesting subject to approval of the performance calculation by the Management Development and Compensation Committee of the Issuer's Board of Directors. This approval was obtained on February 19, 2015.
- F5Not applicable.