SEC Form 4 · accession 0000008947-16-000160
AZZ INC · AZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel E Berce
Director
Period of report
Mar 1, 2016
Accepted (ET)
Mar 2, 2016 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008947
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | Mar 1, 2016 | M | 5,174 | $9.06 | A | 52,931 | D | |
| COMMON STOCK | Mar 1, 2016 | F | 890 | $52.68 | D | 52,041 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STOCK APPRECIATION RIGHTSF3,F4 | $9.06 | Mar 1, 2016 | M | 5,174 | D | — | — | COMMON STOCK | 5,174 | 5,174 | D |
Explanation of responses
- F1This transaction was a cashless exercise of a 2009 stock appreciation right ("SAR") award.
- F2The reporting person disposed of 890 shares of common stock solely to satisfy tax withholding obligations.
- F3On 3/1/2009, the reporting person was granted SARs that vested ratably over a 3-year period beginning on 3/1/2010.
- F4The SARs awarded on 3/1/2009 have an exercise period to expire on 3/1/2016.