SEC Form 4 · accession 0001437749-16-034086
AEP INDUSTRIES INC · AEPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Brendan Barba
Officer — Chairman and CEO · Director · 10% Owner
Period of report
Jun 16, 2016
Accepted (ET)
Jun 20, 2016 · 5:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000785787
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 27, 2016 | G | 3,356 | $0.00 | D | 518,723 | D | |
| Common Stock | Apr 27, 2016 | G | 500 | $0.00 | D | 518,223 | D | |
| Common Stock | Apr 28, 2016 | G | 200 | $0.00 | D | 518,023 | D | |
| Common Stock | May 3, 2016 | G | 50 | $0.00 | D | 517,973 | D | |
| Common Stock | Jun 16, 2016 | G | 87,489 | $0.00 | D | 430,484 | D | |
| Common Stock | Apr 27, 2016 | G | 500 | $0.00 | A | 1,948 | I | By spouse |
| Common StockF4 | Jun 16, 2016 | G | 87,489 | $0.00 | A | 87,489 | I | Grantor Retained Annuity Trust (GRAT) #9 |
| Common StockF5 | holding | — | — | — | 51,500 | I | 2012 Carolyn Vegliante Children's Trust | |
| Common StockF6 | holding | — | — | — | 51,500 | I | 2012 Paul Vegliante Children's Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1An additional 29,694 shares of common stock have been deducted from total holdings since the last Form 4 filing due to the reporting person's election to receive cash in lieu of shares upon the vesting of performance units on January 5, 2016, January 6, 2016, January 7, 2016, and January 13, 2016.
- F2Total holdings were adjusted by adding 36,031 shares that were not previously reported. These shares have been held by the reporting person in certificated form since 1996.
- F3This transaction involved a gift of securities by the reporting person to his spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.
- F4This transaction involved a gift of securities by the reporting person to Grantor Retained Annuity Trust (GRAT) #9. GRAT #9 was established by the reporting person, and the trustees for each GRAT are Mr. Paul M. Feeney (Executive Vice President, Finance & CFO of AEP Industries Inc.) and the two daughters of Mr. Barba (who are also co-beneficiaries of each GRAT.)
- F5The 2012 Carolyn Vegliante Children's Trust was established by Mrs. Vegliante and the trustees are Mr. J. Brendan Barba (CEO of AEP Industries Inc.) and Mr. Vegliante. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- F6The 2012 Paul Vegliante Children's Trust was established by Mr. Vegliante and the trustees are Mr. J. Brendan Barba (CEO of AEP Industries Inc.) and Mrs. Vegliante. The reporting peson disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securites for Section 16 or any other purpose.