SEC Form 4 · accession 0000757011-18-000016
USG CORP · USG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle M Warner
Officer — Senior Vice President
Period of report
Feb 14, 2018
Accepted (ET)
Feb 15, 2018 · 3:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000757011
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF1,F2 | — | Feb 14, 2018 | A | 16,437 | A | — | — | Common Stock | 16,437 | 16,437 | D |
Explanation of responses
- F1Each Market Share Unit represents the right to receive one share of common stock assuming certain market price targets are achieved. The Market Share Units vesting and the actual number of shares received are contingent on USG Corporation's (the "Company")common stock achieving certain pre-defined market price levels during the performance period and continued employment.
- F2Generally, the Market Share Units will be earned, if at all, once the Board of Directors of the Company certifies that pre-determined market price targets of the Company's common stock are attained, provided that the reporting person remains continuously employed by the Company or a subsidiary through December 31, 2020.