SEC Form 4 · accession 0001437749-17-000840
AEP INDUSTRIES INC · AEPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Powers
Officer — President and COO · Director
Period of report
Jul 5, 2016
Accepted (ET)
Jan 19, 2017 · 10:45 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 | 3,612 | $0.00 | A | 28,072 | D | |
| Common Stock | Jul 5, 2016 | G | 120 | $0.00 | D | 144,391 | I | By Spouse |
| Common StockF3 | holding | — | — | — | 20,236 | I | 2012 Lauren Powers Trust for benefit of Son | |
| Common StockF3 | holding | — | — | — | 22,454 | I | 2012 Lauren Powers Trust for benefit of Son | |
| Common StockF3 | holding | — | — | — | 25,236 | I | 2012 Lauren Powers trust for benefit of Son | |
| Common StockF3 | holding | — | — | — | 25,236 | I | 2012 Lauren Powers trust for benefit of Daughter | |
| Common StockF4 | holding | — | — | — | 87,489 | I | By spouse as trustee of GRAT #9 | |
| Common StockF5 | holding | — | — | — | 4,433 | I | ESOP |
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 3,510 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 Lauren Powers Trusts for the benefit of her children were established by Mrs. Powers with Mr. Powers as trustee. The reporting person disclaims beneficial ownership of these securities except to his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- F4Grantor Retained Annuity Trust (GRAT) #9 was established by Mr. Brendan Barba, and the trustees of the 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 the GRAT.) Mr. Powers is the spouse of one such daughter. 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 an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- F5Includes 10 shares acquired on November 16, 2016 through the dividend reinvestment feature of the AEP industries Inc. 401k Plan.