SEC Form 4 · accession 0000008947-17-000104

AZZ INC · AZZ

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP & CFO

Period of report

Jul 11, 2017

Accepted (ET)

Jul 12, 2017 · 5:31 pm EDT

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^F1	Jul 11, 2017	P	1,500	$49.314	A	9,287	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2,F3	—	Jul 11, 2017	A	765	A	—	—	COMMON STOCK	765	765	D
Performance Share Units^F4,F5	—	Jul 11, 2017	A	765	A	—	—	COMMON STOCK	765	765	D

F1The price reported in Column 4 is a weighted average price.
F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of AZZ common stock.
F3The RSUs are granted under AZZ's 2014 Long Term Incentive Plan (the "2014 Plan") and vest over a three-year period with one-third of the RSUs vesting on 4/27/2018 4/27/2019 and 4/27/2020.
F4Each performance share unit ("PSU") represents a contingent right to receive shares of AZZ common stock with the actual number varying based on achieved results.
F5The PSUs are issued under AZZ's 2014 Plan. The PSUs will vest and become payable, if at all, on February 29, 2020, ranging from 0% to 200% based on AZZ achieving a target average adjusted return on assets from March 1, 2017 to February 29, 2020. Actual payout will be subject to a multiplier up to a maximum of 250% of the target award if AZZ's total shareholder return for the 3-year period ranks within the top quartile relative to each company in a custom industry peer group for the same period.