SEC Form 4 · accession 0000008947-18-000125
AZZ INC · AZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Daniel R Feehan
Director
Period of report
Jul 10, 2018
Accepted (ET)
Jul 12, 2018 · 5:01 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 | Jul 10, 2018 | A | 1,823 | $0.00 | A | 64,497 | D | |
| COMMON STOCK | Jul 11, 2018 | M | 2,724 | $25.67 | A | 67,221 | D | |
| COMMON STOCK | Jul 11, 2018 | F | 1,449 | $54.85 | D | 65,772 | D | |
| COMMON STOCK | Jul 11, 2018 | M | 1,362 | $45.36 | A | 67,134 | D | |
| COMMON STOCK | Jul 11, 2018 | F | 235 | $54.85 | D | 66,899 | D | |
| COMMON STOCK | Jul 11, 2018 | M | 1,603 | $43.92 | A | 68,502 | D | |
| COMMON STOCK | Jul 11, 2018 | F | 319 | $54.85 | D | 68,183 | D | |
| COMMON STOCK | Jul 11, 2018 | S | 2,003 | $54.50 | D | 66,180 | 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 RIGHTSF1,F5,F6 | — | Jul 11, 2018 | M | 2,724 | D | — | — | COMMON STOCK | 2,724 | 2,724 | D |
| STOCK APPRECIATION RIGHTSF2,F7,F8 | — | Jul 11, 2018 | M | 1,362 | D | — | — | COMMON STOCK | 1,362 | 1,362 | D |
| STOCK APPRECIATION RIGHTSF3,F9,F10 | — | Jul 11, 2018 | M | 1,603 | D | — | — | COMMON STOCK | 1,603 | 1,603 | D |
Explanation of responses
- F1Conversion of stock appreciation rights ("SARs"), which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($25.67) over the exercise price ($54.85).
- F10The SARs granted on March 1, 2014 have an expiration date of March 1, 2021.
- F2Conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($45.36) over the exercise price ($54.85).
- F3Conversion of SARs, which are settled in shares of AZZ common stock in an amount equal to the excess value of the grant date price ($43.92) over the exercise price ($54.85).
- F4The shares sold on the open market are the aggregate net shares received upon the exercise of the SARs reported in Table I.
- F5On March 1, 2012 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2013.
- F6The SARs granted on March 1, 2012 have an expiration date of March 1, 2019.
- F7On March 1, 2013 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2014.
- F8The SARs granted on March 1, 2013 have an expiration date of March 1, 2020.
- F9On March 1, 2014 the reporting person was granted SARs, which vested ratably over a 3-year period beginning on March 1, 2015.