SEC Form 4 · accession 0000008947-16-000274
AZZ INC · AZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Ferguson
Officer — President and CEO · Director
Period of report
Oct 10, 2016
Accepted (ET)
Oct 12, 2016 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008947
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Oct 10, 2016 | A | 30,000 | A | — | — | COMMON STOCK | 30,000 | 30,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock.
- F2On October 10, 2016, Mr. Ferguson was granted 30,000 RSUs in connection with his Amended and Restated Employment Agreement (the "Amended Agreement"). The RSUs will cliff vest in full on September 29, 2019, if Mr. Ferguson fulfills the three year term as defined in the Amended Agreement.
- F3Once vested, the shares of common stock are not subject to expiration.