SEC Form 4 · accession 0001437749-17-000828
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
Jan 19, 2017
Accepted (ET)
Jan 19, 2017 · 9:15 am EST
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 | Jan 17, 2017 | A | 31,995 | $0.00 | A | 433,883 | D | |
| Common Stock | holding | — | — | — | 1,948 | I | By spouse | |
| Common StockF3 | holding | — | — | — | 51,500 | I | 2012 Carolyn Vegliante Children's Trust | |
| Common StockF4 | holding | — | — | — | 51,500 | I | 2012 Paul Vegliante Children's Trust | |
| Common StockF5 | holding | — | — | — | 87,489 | I | Grantor Retained Annuity Trust (GRAT) #9 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vests at 20% per annum commencing January 17, 2017, and thereafter on January 7th.
- F2An additional 28,596 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, 2017, January 7, 2017, and January 17, 2017.
- F3The 2012 Carolyn Vegliante Children's Trust was established by Ms. 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.
- F4The 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.
- F5Grantor Retained Annuity Trust #9 (GRAT #9) was established by the reporting person, and the trustees for each GRAT are Mr. Paul M. Feeney (Executive Vice President, Finance and CFO of AEP Industries Inc.) and the two daughters of Mr. Barba (who are also co-beneficiaries of each GRAT.)