SEC Form 4 · accession 0000079958-16-000088
PRECISION CASTPARTS CORP · PCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Power
Officer — SVP, Pres Airframe Products
Period of report
Jan 29, 2016
Accepted (ET)
Feb 1, 2016 · 11:48 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000079958
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 29, 2016 | D | 1,500 | $235.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $219.07 | Jan 29, 2016 | D | 15,000 | D | — | May 20, 2025 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1This option, which vests in four equal annual installments beginning on 5/20/2016, was canceled in the merger of the issuer and a subsidiary of Berkshire Hathaway Inc. (the "Merger") in exchange for the cash payment per share indicated in column 8, which represents the difference between the exercise price of the option and the Merger consideration of $235 per share.