SEC Form 4 · accession 0000008947-18-000015
AZZ INC · AZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel R Feehan
Director
Period of report
Feb 26, 2018
Accepted (ET)
Feb 26, 2018 · 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 STOCKF1 | Feb 26, 2018 | M | 3,318 | $20.91 | A | 64,288 | D | |
| COMMON STOCK | Feb 26, 2018 | D | 1,614 | $43.00 | D | 62,674 | 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 RIGHTSF2,F3,F4 | — | Feb 26, 2018 | M | 3,318 | D | — | — | COMMON STOCK | 3,318 | 3,318 | D |
Explanation of responses
- F1This transaction was a cashless exercise of a 2011 stock appreciation right ("SAR") award. This was not an open market transaction.
- F2Conversioin of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($20.91) over the exercise price ($43.00).
- F3On March 1, 2011 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2012.
- F4The SARs granted on March 1, 2011 have an expiration date of March 1, 2018.