SEC Form 4 · accession 0000008947-16-000165
AZZ INC · AZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy E Pendley
Officer — SVP GALVANIZING
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:40 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 STOCK | Mar 1, 2016 | M | 2,536 | $0.00 | A | 27,219 | D | |
| COMMON STOCK | Mar 1, 2016 | F | 770 | $52.68 | D | 26,449 | 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 UnitsF2,F3,F4 | — | Mar 1, 2016 | M | 2,536 | D | Mar 1, 2016 | — | COMMON STOCK | 2,536 | 2,536 | D |
Explanation of responses
- F1The reporting person disposed of 770 shares of common stock solely to satisfy tax withholding obligations.
- F2Each restricted stock unit (RSU) represents a contingent right to receive one share of AZZ common stock.
- F3The RSUs granted on March 1, 2013 vested in their entirety on March 1, 2016.
- F4Once vested, the shares of common stock are not subject to expiration.