SEC Form 4 · accession 0000757011-19-000018
USG CORP · USG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph W Holmes
Officer — Senior Vice President
Period of report
Feb 13, 2019
Accepted (ET)
Feb 14, 2019 · 11:37 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000757011
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 13, 2019 | A | 3,622 | $0.00 | A | 27,227 | D | |
| Common StockF2 | Feb 13, 2019 | F | 882 | $43.17 | D | 26,345 | D | |
| Common StockF3 | Feb 13, 2019 | M | 7,401 | $0.00 | A | 33,746 | D | |
| Common StockF4 | Feb 13, 2019 | F | 1,911 | $43.17 | D | 31,835 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF3 | — | Feb 13, 2019 | M | 4,934 | D | — | — | Common Stock | — | 0 | D |
Explanation of responses
- F1These Performance Shares were granted on February 10, 2016. The Board of Directors (the "Board") of USG Corporation (the "Company") certified performance of these Performance Shares on February 13, 2019.
- F2Shares withheld to satisfy tax withholding obligation with respect to Performance Shares that became earned.
- F3These Market Share Units were granted on February 10, 2016. The Board certified performance of these Market Share Units on February 13, 2019 and the Company issued to the reporting person 1.5 shares of the Company's common stock for the Market Share Units originally granted, based on the closing prices of shares of the Company's common stock on the New York Stock Exchange for the first fifteen trading days in January 2019.
- F4Shares withheld to satisfy tax withholding obligation with respect to Market Share Units that became earned.