SEC Form 4 · accession 0001140361-15-003373
STERLING INFRASTRUCTURE, INC. · STRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Wright
Officer — EVP & Chief Financial Officer
Period of report
Jan 29, 2015
Accepted (ET)
Feb 2, 2015 · 9:41 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874238
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 29, 2015 | A | 16,677 | $0.00 | A | 28,177 | D | |
| Common StockF2 | Jan 29, 2015 | A | 29,781 | $0.00 | A | 57,958 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F3,F4 | — | Jan 29, 2015 | A | 29,781 | A | Dec 31, 2017 | Dec 31, 2017 | Common Stock | 29,781 | 29,781 | D |
Explanation of responses
- F1These shares were awarded to the Reporting Person by the Company as incentive compensation pursuant to the Company's 2014 Incentive Compensation Plan. The shares are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
- F2These shares were awarded to the Reporting Person pursuant to the Company's 2015 Long-Term Incentive Program and are subject to restrictions on their sale or other transfer and to forfeiture under certain circumstances.
- F3Each restricted stock unit represents the contingent right to receive one share of common stock if or when the restricted stock unit vests.
- F4The restricted stock units vest, if at all, on December 31, 2017 to the extent of the achievement by the Company of a financial goal. Units that do not vest are forfeited.
- F5These restricted stock units were issued to the Reporting Person pursuant to the Company's 2015 Long-Term Incentive Compensation Program.